• MLS® #: 955168
  • 8600 Zuni Road Se
  • Albuquerque, NM 87108
  • $939,963
  • 1.00 Acre
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

NM Apartment Advisors and PS Properties are excited to bring this 25 unit courtyard style community to market. The property, located at 8600 Zuni SE, contains 24 one bedroom units and one two bedroom unit + an abundance of extra storage all on a 0.997 acre lot.Although recent renovations have been done, this investment is a value add opportunity.Measures of investment performance at ask price of $939,963 and current average rent of $508 are a GRM of 6.17, a 8.35% cap rate, $37,599 per unit, $61.34/sf and a before tax IRR of 20.30% and an after tax IRR of 16.00%.If rents are raised to submarket average of $655, measures of investment performance increase to a GRM of 4.78, a 12.07% cap rate and a 25.35% cash on cash.

Essential Information

  • MLS® #955168
  • Price$939,963
  • Acres1.00
  • Year Built1960
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive

Community Information

  • Address8600 Zuni Road Se
  • Area71 - Southeast Heights
  • SubdivisionJ Earl Burns Add
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87108

Amenities

  • AmenitiesLaundry Community

Utilities

Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Interior

  • AppliancesRefrigerator
  • HeatingOther - See Remarks
  • CoolingOther - See Remarks
  • # of Stories2
  • Stories2 Story

Exterior

  • ConstructionFrame

Additional Information

  • Date ListedOctober 2nd, 2019
  • Days on Market17
  • ZoningR-T
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on October 20th, 2019 at 8:13am MDT.