630 - 632 Alcazar St SE

Multi-Family for Sale
Catylist Listing ID: 30750504
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 5,072 SF
Sale Price: $541,600
Unit Price: $67,700 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.2%
Average Occupancy Rate: 100
Last Updated: 9/17/2021

Overview / Comments

Marcus & Millichap is pleased to present 630 - 632 Alcazar SE, Albuquerque, NM 87108. The 5,072 square foot apartment building is 100% occupied. The property consists of two, one-bedroom/one-bath units and six two-bedroom/one-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 utilities. The roof was replaced in 2020. Ceramic tile has been installed in living rooms, kitchen and bathrooms. There
is an on-site laundry room that adds additional income.

There is an opportunity to increase cash flow through increased rent and tenants transferring utilities into their own names.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101905604235220220
Percent Occupied: 100%
Year Built: 1971
Year Renovated: 2015
Construction/Siding: Block
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Wall Units
Air Conditioning: Evaporative Cooler

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,977 116,140 266,180
Median Age: 31.47 36.3 37.28
Households: 11,507 51,587 116,640

Contact

Photograph of Listing Agent

Jacob Rocker

Marcus & Millichap CARNM CIE Member
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