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    409 Alcazar (And 413) Street SE

    Albuquerque, NM 87108
    • $486,716
    • STATUS: Pending
    • ON SITE: 29 days
    • MLS #: 987661
    Pending
    UPDATED: 48 min ago
    $486,716
    • 1
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,550
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Timelines:Attend the property tour at noon on Tuesday, April 6th, 2021 (no other showing times are available)Offer deadline at 9am on Thursday, April 8th, 2021.Measures of investment performance at ask price of $486,718 with a current average rent of $444 are a GRM of 8.31, a 7.24% cap rate before reserves, 6.36% cap rate after reserves, 13.60% after tax IRR, $44,718 per unit, and a price per sf of $87.70.Once renovations are complete and if the one bedroom rents are raised to the market of $654, and the value increases to $846,211, the potential exit cap rate is 6.36% after reserves, and a 8.61% cash on cash. On a cost basis (acquisitions of $486,718 + estimated renovations of $204,680=$691,398, ) 7.95

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    IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Berkshire Hathaway HomeServices. Data last updated: 2021-04-14T19:04:52.287.
    www.propertiesofsantafe.com/homes/115117738
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    409 Alcazar (And 413) Street SE Albuquerque, NM 87108

    • Price: $486,716
    • Status: Pending
    • Updated: 48 min ago
    • MLS #: 987661
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    5,550
    SQFT
    $0
    $/SQFT
    1958
    Built
    Neighborhood:
    Emil Mann Addition
    County:
    Bernalillo
    Area:
    71 - Southeast Heights
    Property Description
    Timelines:Attend the property tour at noon on Tuesday, April 6th, 2021 (no other showing times are available)Offer deadline at 9am on Thursday, April 8th, 2021.Measures of investment performance at ask price of $486,718 with a current average rent of $444 are a GRM of 8.31, a 7.24% cap rate before reserves, 6.36% cap rate after reserves, 13.60% after tax IRR, $44,718 per unit, and a price per sf of $87.70.Once renovations are complete and if the one bedroom rents are raised to the market of $654, and the value increases to $846,211, the potential exit cap rate is 6.36% after reserves, and a 8.61% cash on cash. On a cost basis (acquisitions of $486,718 + estimated renovations of $204,680=$691,398, ) 7.95
    Exterior Features

    Construction Materials Block Exterior Features Landscaping Levels Two Parking Total 18 Stories Total 2

    Interior Features

    Appliances Refrigerator Basement YN Yes Bathrooms Total Integer 505 Cooling OtherSee Remarks Electric None Heating OtherSee Remarks

    Property Features

    Additional Parcels YN Yes Builder Name Unknown Building Area Total 5550 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 55632 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 33034 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 2273 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Zoning Description R-Ml*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


    IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Berkshire Hathaway HomeServices. Data last updated: 2021-04-14T19:04:52.287.
     
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