8-Unit Apartment Investment
630 Alcazar St SE Albuquerque, NM 87108
Overview
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.
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.
Attachments
For Sale
Secondary Uses: Low Rise
- Sale Price
- $700,000
- Price Per SF
- $138/SF
- Cap Rate
- 7.23%
- Building Size
- 5,072 SF
- Acres
- 0.155 ac
- Zoning
- R-2
- Number Of Buildings
- 1
- Floors
- 1
- Year Built
- 1971
- Construction Type
- Framed
- Submarket
- Southeast Heights
- Property Status
- Existing
- Total Units
- 8
- County
- Bernalillo
- Created
- 2022-06-16
- Updated
- 2024-08-27
- Listing ID
- 8f35429a
- Parcel APN
- 101905604235220220