NOT LISTED FOR SALE

618 Chama St SE Albuquerque, NM 87108

Trumbull Village Neighborhood
2 Beds
1 Bath
2,564 Sq Ft
6,970 Sq Ft Lot

Last Sold January 13, 2022

4 Days on Market

Highlights

  • Evaporated cooling system
  • Forced Air Heating System
  • 3-minute walk to The Phil Chacon Park

About This Home

As of January 2022

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% (before reserves).

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 11/16/2021

Last Buyer's Agent

Kimberly Kiegel

EXP Realty LLC License #48524

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,970 Sq Ft Lot
  • Additional Parcels

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 2,564 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 101905607337020321

Community Details

Overview

  • 2,564 Sq Ft Building
  • Lot 5, Block 21, Emil Mann Addition Subdivision

Building Details

  • Operating Expense $16,041
  • Gross Income $28,728

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From I-40 and Louisiana south to Zuni, east to Chama, south to property
  • Listing Contract Date: 2021-10-11
  • Year Built: 1986
  • Lot Size Acres: 0.16
  • Subdivision Name: Lot 5, Block 21, Emil Mann Addition
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 31 - 40
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: See Remarks
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 2564.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 6969.6
  • Additional Parcels: Yes
  • Parcel #: 101905607337020321
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28728.0
  • Annual Operating Expense: 16041.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2022 01/13/22 Sold -- -- --
11/20/2021 11/20/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $298,999 -0.3% $117 / Sq Ft
10/11/2016 10/11/16 Sold -- -- --
09/26/2016 09/26/16 Pending -- -- --
07/29/2016 07/29/16 For Sale $300,000 -- $59 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2022

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    10 in this area

    224 Total Sales

    Section Image
  • Kimberly Kiegel

    Buyer's Agent in 2022

    Kimberly Kiegel

    EXP Realty LLC

    (505) 507-2777

    1 in this area

    35 Total Sales

    Section Image
  • Liska Maddox

    Seller's Agent in 2016

    Liska Maddox

    Maddox & Co/REALTORS

    (505) 270-5798

    93 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jim Maddox

    Maddox & Co/REALTORS

    Section Image
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Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1004711

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-056-073-370-2-03-21

New Mexico Bernalillo County Albuquerque 87108 Trumbull Village

618 Chama St SE, Albuquerque, NM

This home is located at 618 Chama St SE, Albuquerque, NM 87108 since 16 November 2021. This property was built in 1986. 618 Chama St SE is a home located in Bernalillo County with nearby schools including Emerson Elementary School, Van Buren Middle School, and Highland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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