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Multifamily

630 Alcazar St SE

630 Alcazar St SE, Albuquerque, NM 87108

Listing Price: $557,000

Cap Rate
7.00%
Number of Units
8
Occupancy
100.0%
Price/Unit
$69,625
Price/Gross SF
$124.27
Gross SF
4,482

Investment Overview

Marcus & Millichap is pleased to present 630 - 632 Alcazar SE, Albuquerque, NM 87108. The 4,746 square foot apartment building is 100% occupied. The property consists of 4, 1 bed - 1 bath and 4, 2 bed - 1 bath units for a total of 8 units. Originally built in 1971 each unit is separately metered for gas and electric, water is on master. The current owner pays for all the utilities. The roof was replaced last year along with the addition of ceramic tile in living rooms, kitchen and bathrooms. There is a laundry room on-site that adds additional income to the property. There is an opportunity to increase cash flow through rent raises and tenants transferring utilities into their own names.

Investment Highlights

  • Fully Occupied
  • New Roof 2020
  • Laundry On-Site

Exclusively Listed By

Listing Price: $557,000

Cap Rate
7.00%
Number of Units
8
Occupancy
100.0%
Price/Unit
$69,625
Price/Gross SF
$124.27
Gross SF
4,482

Investment Highlights

  • Fully Occupied
  • New Roof 2020
  • Laundry On-Site

Investment Overview

Marcus & Millichap is pleased to present 630 - 632 Alcazar SE, Albuquerque, NM 87108. The 4,746 square foot apartment building is 100% occupied. The property consists of 4, 1 bed - 1 bath and 4, 2 bed - 1 bath units for a total of 8 units. Originally built in 1971 each unit is separately metered for gas and electric, water is on master. The current owner pays for all the utilities. The roof was replaced last year along with the addition of ceramic tile in living rooms, kitchen and bathrooms. There is a laundry room on-site that adds additional income to the property. There is an opportunity to increase cash flow through rent raises and tenants transferring utilities into their own names.

Exclusively Listed By

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