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630 SE Alcazar Street, Albuquerque, NM 87108

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For Sale

$700,000

5 beds

Estimated Payment

$      /mo. †

APR for 30 years

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  • Apartment
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Well maintained 8-unit property in the Southeast neighborhood of Albuquerque. This complex, originally constructed in 1971, has a track record of consistent occupancy and hassle-free management, making it an ideal investment opportunity. The property is priced at an in-place cap rate of 7%, which accounts for a 40% expense ratio including management costs. Each of the eight units is separately metered for gas and electric. Water is master metered. All utilities are currently paid by the landlord. Recent upgrades include a roof replacement in 2020 and new exterior paint in 2023. Additionally, ceramic tile flooring has been installed in the living rooms, kitchens, and bathrooms, offering durability and easy maintenance. Additional income can be generated by upgrading the on-site laundry rooms and storage units. Don't miss the opportunity to own a well-maintained, income generating property with a proven track record of success. 630-632 Alcazar St SE is poised to provide both steady returns and long-term appreciation.
MLS# 202403623

Courtesy Of Real Estate Advisors, LLC

(505) 539-3200

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Cooling System
    Evaporative
  • Lot Size
    0.31 Acres

Map and Directions

Directions to 630 SE Alcazar Street, Albuquerque, NM 87108

Home seller CENTURY 21 Camco Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Camco Realty

(505) 292-2021
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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