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620 Chama Street SE, Albuquerque, NM 87108
$378,500
Property Type:
Residential Income
Square Footage:
2,564
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$378,500
List Date:
3/28/2024
Last Modified:
3/28/2024
Description
Cash flowing 4 unit multi-family investment opportunity. All 2 bed, 1 bath. Recent renovations (2016-2017) include: roof, hot water heaters, furnaces, kitchen cabinetry, countertops, bath vanities, tubs and LVP/tile flooring throughout (carpet in photos replaced 2023). With recent upgrades & Professional management in place, this is an ideal investment. Individually metered units. Room for rent improvements towards market rents. APOD and full Improvement list attached.
More Information MLS# 1059601
Contract Information
Listing Price: 378500
Current Price: $378,500
List Price/SqFt: 147.62
Status: Active
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: 35.068176
Geo Lon: -106.566176
Area: 71 - Southeast Heights
Zone Atlas: L19
City/County Data
UPC Code: 101905607336420316
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 2564
SqFt Source: Floorplan
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 # of Buildings: 1
Year Built: 1986
Age: Select One
# Parking Spaces: 5
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1523.82
Tax Exemption: No
Cooling
Centrally Ducted: Yes
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 641
Actual Rent: 875
Max Rent: 900
Market Rent: 875
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 641
Actual Rent: 750
Max Rent: 900
Market Rent: 875
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 641
Actual Rent: 750
Max Rent: 900
Market Rent: 875
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 641
Actual Rent: 750
Max Rent: 900
Market Rent: 875
Unit Summary
Total Units: 4
Average Unit Size: 641
Average Actual Rent: 781.25
Annualized: 37500
Total Actual Rent: 3125
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Laminate; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1 Space Per Unit
Roof: Flat
Rental Info: Current Lse Agreemnt; Yearly Lease
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-ML*
Listing Office: The Villarealty Group
Last Updated: March - 28 - 2024
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