620 Chama Street SE, Albuquerque, NM 87108
$311,396
Property Type:
Residential Income
Square Footage:
2,564
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$311,396
List Date:
11/16/2021
Last Modified:
2/09/2024
Description
Did you know that the average fourplex sales price of $314,948 reflects an appreciation of 38% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000?
NM Apartment Advisors is excited to have listed these recently renovated side by side fourplexes at 618 & 620 Chama SE. New roof, deck/stair balusters, LED floodlights, electrical panels and complete interior renovations. 7 of the 8 units have new hot water heaters and furnaces as well.
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%.
More Information MLS# 1004712
Status Change Info
Pending Date: 2022-02-01
Closing Date: 2022-04-01
Contract Information
Listing Price: 311396
Current Price: $311,396
List Price/SqFt: 121.45
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 620
Street Name: Chama
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3960
Geo Lat: 35.06818
Geo Lon: -106.566182
Area: 71 - Southeast Heights
Zone Atlas: L19
City/County Data
UPC Code: 101905607336420316
Subdivision: Lot 6, Block 21, Emil Mann Addition
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 2564
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: From I-40 and Louisiana south to Zuni, east to Chama, south to property
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1986
Year Built Exception: Unknown
Age: 31 - 40
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Two
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 28728
Operating Expenses: 16041
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 641
Actual Rent: 630
Max Rent: 600
Market Rent: 750
Unit Summary
Total Units: 4
Average Unit Size: 641
Average Actual Rent: 630
Annualized: 30240
Total Actual Rent: 2520
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping
Appliances included: Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: See Remarks
Electric Provider: None
Electric: None
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Guest Parking
Roof: TPO (G)
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Source: Owner Provided
Zoning: R-ML*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: February - 09 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.