600 Chama Street SE
Albuquerque, NM 87108
MLS #888321

Multi-family
  • 12units
$587,000
Est. P&I payment: $2241.94/mo
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Description for 600 Chama Street SE, Albuquerque, NM 87108
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!
MLS #888321
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My Notes for MLS #888321

General Features

  • Property Type: C
  • Units for Sale: 12
  • Approx Structured SqFt: 8,960
  • Year Built: 1979
  • Total Number of Stories: 2
  • Total Number of Buildings: 2
  • Stories: 2
  • Property Sub-Type: 9 or More Units
  • 5+ Units: Yes
  • Age: 41 - 50
  • Number of Units: 12
  • Lot SqFt: 6,534
  • Zoning: R-2

Exterior Features

  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 4
  • Unit Type 1: Number of Bedrooms: 1
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Average SqFt: 648
  • Unit Type 2: Number of Units: 8
  • Unit Type 2: Number of Bedrooms: 2
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Average SqFt: 796
  • Unit Summary: Total Units: 12
  • Unit Summary: Average Unit Size: 747
  • Unit Summary: Average Actual Rent: 516
  • Unit Summary: Annualized: 74,352
  • Flooring: Carpet,​Tile,​Vinyl

Utility Features

  • Amenities: No Landscaping
  • Appliances included: Refrigerator
  • Cooling: Evaporative
  • Heating: Gas
  • Utilities: All City

Financial Features

  • Approximate Taxes: 3,450
  • List Price/SqFt: 66
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 473
  • Unit Type 1: Max Rent: 480
  • Unit Type 1: Market Rent: 647
  • Unit Type 2: Average Actual Rent: 538
  • Unit Type 2: Max Rent: 575
  • Unit Type 2: Market Rent: 671
  • Unit Summary: Total Actual Rent: 6,196
  • Finance Considered: Cash,​Conventional
  • Owner Pays: Other - See Remarks
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: Emil Mann Add

Miscellaneous Features

  • Disability Access: No
  • Lead Base Paint: No
  • Construction: Frame

Location

 
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Directions to 600 Chama Street SE, Albuquerque, NM 87108
From I-40 and Louisiana, south, past Ta-Lin International market, to Trumbull, east to Chama and property (follow the rainbow!)
The listing information for 600 Chama Street SE, Albuquerque, NM 87108 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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P&I Payment $2241.94
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/24/2018 at 6:14am
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