630 SE Alcazar ST Active Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202500784
Style One Story
HOA Y/N No
Year Built 1971
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Apartment
Property Description
Welcome to 630-632 Alcazar St SE, a 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.
Each of the eight units is separately metered for gas and electric. Water is master metered, and tenants are billed back for utility overages exceeding $100 per month.
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 room 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.
7.5% Cap Rate on in-place income
New Roof
New Exterior Paint
Tile Floors
6, 2 Bedroom Units
Speratley metered Electric and Gas.
Additional Income can be made with on-site laundry room. Laundry room already in place, it just needs a washer and dryer.
Location
State NM
County Bernalillo
Zoning RM
Interior
Interior Features No Interior Steps
Heating Natural Gas
Cooling Evaporative Cooling
Fireplace No
Exterior
Utilities Available Separate Meters
Water Access Desc Public
Roof Type Shingle
Accessibility Not ADA Compliant
Building
Sewer Public Sewer
Water Public
Architectural Style One Story
Schools
Elementary Schools Unknown
Middle Schools Unknown
High Schools Unknown
Others
Tax ID 101905604235220220
Acceptable Financing Conventional
Listing Terms Conventional