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618 Chama Street SE

Albuquerque, NM 87108
  • $597,998
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 1002685
UPDATED: 57 min ago
$597,998
  • 2
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,128
    SQFT
  • $117
    $/SQFT
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

Description

Each fourplex sits on its own parcel of land and can be acquired for $298,999.99. Owner would prefer to sell as a package and at the ask price of $597,997.98 and an average rent of $634 the measure of investment performance include a GRM of 9.83, a CAP rate of 5.72% (before reserves), a price per unit of $74,750a price per square foot of $116.61 an after tax IRR of 16.10%.If rents were to be raised to market of $750, the measures of investment performance improve to a GRM of 8.31, and a cap rate of 7.14% (before reserves).Each fourplex is priced aggressively - coming in at $10,000 under recent comparable sales, even though those sales have an average rent that is $87 lower than the subject property.

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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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-10-22T12:04:59.327.
www.sandisells.com/homes/122269154
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618 Chama Street SE Albuquerque, NM 87108

  • Price: $597,998
  • Status: Active
  • Updated: 57 min ago
  • MLS #: 1002685
2
Beds
0
Baths
0
½ Baths
0.16
Acres
5,128
SQFT
$117
$/SQFT
1986
Built
Neighborhood:
Lots 5 & 6, Emil Mann Addition
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
Each fourplex sits on its own parcel of land and can be acquired for $298,999.99. Owner would prefer to sell as a package and at the ask price of $597,997.98 and an average rent of $634 the measure of investment performance include a GRM of 9.83, a CAP rate of 5.72% (before reserves), a price per unit of $74,750a price per square foot of $116.61 an after tax IRR of 16.10%.If rents were to be raised to market of $750, the measures of investment performance improve to a GRM of 8.31, and a cap rate of 7.14% (before reserves).Each fourplex is priced aggressively - coming in at $10,000 under recent comparable sales, even though those sales have an average rent that is $87 lower than the subject property.
Exterior Features

Construction Materials Frame Levels Two Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring See Remarks Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 5128 Disclosures Ranm 2100 Disclosure Gross Income 57798 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 25374 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 1449 Tenant Pays OtherSee Remarks Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer 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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-10-22T12:04:59.327.
 
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Sandi Pressley Team | Coldwell Banker Legacy
10400 Academy Rd NE Suite 100
Alburquerque NM, 87111