Address
600 Chama Street SE Albuquerque, NM
Price
$ 587,000
Property Attributes
  • MLS#888321
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaSoutheast Heights
  • NeighborhoodEmil Mann Add
  • Zip87108
  • Style9 or More Units
  • Year Built1979
  • Taxes3450
  • Price$ 587,000
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage8960
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

Good morning!A rainbow of opportunities exist with this investment property!NM Apartment Advisors is proud to bring to market an unheard of deal for 12 units in the International District - priced under market at $587,000. Offered at a 8.0% cap rate on actuals (11.00% on proforma), a 11.80% cash on cash (23.80% on proforma) and a 14.5% after tax IRR.The property consists of a fourplex that contains one bedroom units and an eight-plex that contains two bedroom units - side by side but on separate lots.Don't miss out on this value add deal!

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
4/4/2017 Listed $587,000

General Features

Amenities No Landscaping
Builder Unknown
Construction Frame
Finance Considered Cash, Conventional
Number of Units 12.00
Rental Info Call Listing Broker
Stories 2.0
Subdivision Y/N Emil Mann Add
Tenant Pays Other - See Remarks
Utilities All City
Zoning R-2

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling Evaporative
Flooring Carpet, Tile, Vinyl
Heating Gas

Exterior Features

Disability Access No
Exterior Material Stucco

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87108

Price
AVG $300K
$590K
Taxes
AVG $2,216
$3,450
Visits
AVG 32
171
Year Built
AVG 1962
1979
Walkscore
AVG 67
61

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