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620 Chama Street SE

Albuquerque, NM 87108
  • $311,396
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 1004712
UPDATED: 75 min ago
$311,396
  • 2
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,564
    SQFT
  • $121
    $/SQFT
Type:
Multi-Family
Built:
1986
County:

School Ratings & Info

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%.

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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 Keller Williams Realty. Data last updated: 2021-12-06T18:04:52.183.
www.albuquerquehomefinders.com/homes/123332603
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620 Chama Street SE Albuquerque, NM 87108

  • Price: $311,396
  • Status: Active
  • On Site: 19 Days
  • Updated: 75 min ago
  • MLS #: 1004712
2
Beds
0
Baths
0
½ Baths
0.16
Acres
2,564
SQFT
$121
$/SQFT
1986
Built
Neighborhood:
Lot 6, Block 21, Emil Mann Addition
County:
Bernalillo
Area:
71 - Southeast Heights
Property 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%.
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 2564 Disclosures Ranm 2100 Disclosure Gross Income 28728 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 16041 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 0 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 Keller Williams Realty. Data last updated: 2021-12-06T18:04:52.183.
 
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Keller Williams Realty
6703 Academy Road NE
Albuquerque NM, 87109