NOT LISTED FOR SALE

908 Alcazar St NE Albuquerque, NM 87110

Fairgrounds Neighborhood
2 Beds
1 Bath
3,100 Sq Ft
9,148 Sq Ft Lot

Last Sold July 31, 2020

301 Days on Market

Highlights

  • Landscaped
  • Carpet
  • Property has 1 Level

About This Home

As of July 2020

NM Apartment Advisors is excited to have listed this fabulous owner occupant style fourplex at 908 Alcazar NE. Property has an amazing location - walking distance to Expo NM, the NM State Fair, and biking distance to Uptown good walk (51), bike (72), and transit (40) scores. Built in 1977, the property has been well maintained and kept a lot of its original charm.At the ask price of $309,120 and an average rent of $663 the measure of investment performance include a GRM of 9.72, a CAP rate of 5.80%, a price per unit of $77,280, a price per square foot of $99.72 and an after-tax IRR of 12.940%.If the rents are raised to market average of $700 the measure of investment performance improved to a GRM of 9.20, a CAP rate of 6.40%.Same owner also owns 916 Alcazar NE #951546

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 08/26/2019

Last Buyer's Agent

Dominique Pyle

Coldwell Banker Legacy License #51167

Coldwell Banker Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,905

Year Built

  • Built in 1977

Lot Details

  • 9,148 Sq Ft Lot
  • Landscaped
  • Additional Parcels

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,100 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Natural Gas Connected

Community Details

  • 3,100 Sq Ft Building
  • Mesa Delnorte Add Corr Subdivision

Listing and Financial Details

  • Assessor Parcel Number 101905804205230601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,905

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From I-40 and Louisiana, south to Lomas, east to Alcazar, north to property
  • Listing Contract Date: 2019-08-26
  • Year Built: 1977
  • Lot Size Acres: 0.21
  • Subdivision Name: Mesa Delnorte Add Corr
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 41 - 50
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3100.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Landscaping
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

  • Cooling: Other, See Remarks
  • Electric: None
  • Heating: Other, See Remarks
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Additional Parcels: Yes
  • Parcel #: 101905804205230601
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1904.66

Range of Values:

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Average Value
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List Price
Sold Price
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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
07/31/2020 07/31/20 Sold -- -- --
06/22/2020 06/22/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $309,120 0.0% $100 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
08/26/2019 08/26/19 For Sale $309,120 -- $100 / 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 2020

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    13 in this area

    228 Total Sales

    Todd Clarke
    Section Image
  • Dominique Pyle

    Buyer's Agent in 2020

    Dominique Pyle

    Coldwell Banker Legacy

    (505) 379-0555

    2 in this area

    54 Total Sales

    Dominique Pyle
    Section Image
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Map

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

MLS Number: 952597

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-058-042-052-3-06-01

New Mexico Bernalillo County Albuquerque 87110 Fairgrounds

908 Alcazar St NE, Albuquerque, NM

This home is located at 908 Alcazar St NE, Albuquerque, NM 87110 since 26 August 2019. This property was built in 1977. 908 Alcazar St NE is a home located in Bernalillo County with nearby schools including Mark Twain Elementary School, Hayes 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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