Skip To Content
    Return to Previous Page

    7615 Chico Road NE

    Albuquerque, NM 87108
    • $995,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 978628
    UPDATED: 153 min ago
    $995,000
    • 1
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,768
      SQFT
    • $102
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Ratings & Info

    Description

    The gated community has 8 one bedroom units and four two bedroom 1 bathroom units. All units are separately metered and have been updated with new windows, appliances and laminate flooring. An enormous mural, Los Mismos Jugandos/The Same Games (2013) by the internationally noted Baja California artist Fernando Mendez Corona graces the entire east side of the building. The list price is $995,000, with an average rent of $699, measures of investment performance include a GRM of 7.75, a before reserves cap rate of 7.89% and an after tax Internal Rate of Return (IRR) of 23.70%. . If rents are raised to the market average of $738, measure of investment performance improve to a cap rate of 9.41% and a cash on cash of 1702%.

    Monthly Payment Calculator



    IDX information © 2020 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. Data last updated: 2020-10-30T00:04:52.08.
    www.sandisells.com/homes/110757838
    Print Image

    7615 Chico Road NE Albuquerque, NM 87108

    • Price: $995,000
    • Status: Active
    • Updated: 153 min ago
    • MLS #: 978628
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    9,768
    SQFT
    $102
    $/SQFT
    1978
    Built
    Neighborhood:
    70 - Fairgrounds
    County:
    Bernalillo
    Area:
    70 - Fairgrounds
    Property Description
    The gated community has 8 one bedroom units and four two bedroom 1 bathroom units. All units are separately metered and have been updated with new windows, appliances and laminate flooring. An enormous mural, Los Mismos Jugandos/The Same Games (2013) by the internationally noted Baja California artist Fernando Mendez Corona graces the entire east side of the building. The list price is $995,000, with an average rent of $699, measures of investment performance include a GRM of 7.75, a before reserves cap rate of 7.89% and an after tax Internal Rate of Return (IRR) of 23.70%. . If rents are raised to the market average of $738, measure of investment performance improve to a cap rate of 9.41% and a cash on cash of 1702%.
    Exterior Features

    Construction Materials Frame Exterior Features Privacy Wall Fencing Wall Stories Total 3

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Electric None Electric On Property YN No Flooring Vinyl Heating CentralForced Air Heating YN Yes

    Property Features

    Additional Parcels YN Yes Builder Name Unknown Building Area Total 9768 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 4305 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description R-Mh*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2020 Southwest Multiple Listing Service, Inc.


    IDX information © 2020 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. Data last updated: 2020-10-30T00:04:52.08.
     
    https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_978628-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_978628-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_978628-2.jpg
    Logo
    Sandi Pressley Team
    10400 Academy Rd NE Suite 100
    Alburquerque NM, 87111