NOT LISTED FOR SALE

916 Alcazar St NE Albuquerque, NM 87110

Fairgrounds Neighborhood
2 Beds
1 Bath
3,278 Sq Ft
9,148 Sq Ft Lot

Last Sold July 22, 2020

298 Days on Market

Highlights

  • Evaporated cooling system
  • Forced Air Heating System
  • Property has 1 Level
  • Patio
  • CRI Green Label Plus Certified Carpet

About This Home

As of July 2020

This fabulous owner occupant style fourplex at 916 Alcazar NE with large owner units that include washer/dryer connections and private backyards has an amazing location - walking distance to Expo NM, the NM State Fair, and biking distance to Uptown good walk (50), bike (60), and transit (40) scores. Built in 1976, the property has been well maintained and kept a lot of its original charm.Rents have gone up, but the price has remained the same -at $334,880 and an average rent of $713 the measure of investment performance include a GRM of 9.79, a CAP rate of 6.10%, a price per unit of $83,720, a price per square foot of $102.16 and an after-tax IRR of 14.30%If the rents are raised to market average of $750 the measure of investment performance improved a cap rate of 6.72%

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 08/11/2019

Last Buyer's Agent

ABQ Houses 2 Homes

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,996

Year Built

  • Built in 1976

Lot Details

  • 9,148 Sq Ft Lot
  • Additional Parcels

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,278 Sq Ft Home
  • Property has 1 Level

Flooring

  • CRI Green Label Plus Certified Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 101905804206630625

Community Details

Overview

  • 3,278 Sq Ft Building
  • Mesa Del Norte Addition Subdivision

Building Details

  • Operating Expense $18,692
  • Gross Income $30,525

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,996

Year Built

Built in 1976

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: 2019-08-11
  • Year Built: 1976
  • Lot Size Acres: 0.21
  • Subdivision Name: Mesa Del Norte addition
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 41 - 50
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3278.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

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

Condo/Co-op/Association

  • Community Features: Patio

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Additional Parcels: Yes
  • Parcel #: 101905804206630625
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 30525.0
  • Annual Operating Expense: 18692.0

Tax Info

  • Tax Annual Amount: 1995.64

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/22/2020 07/22/20 Sold -- -- --
06/05/2020 06/05/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $334,880 0.0% $102 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
08/12/2019 08/12/19 For Sale $334,880 -- $102 / 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

    225 Total Sales

    Todd Clarke
    Section Image

  • A

    Buyer's Agent in 2020

    ABQ Houses 2 Homes

    Keller Williams Realty

  • T

    Buyer's Agent in 2020

    The Staton Group Homes

    Keller Williams Realty

    Section Image
See All Agents

Map

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

MLS Number: 951546

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-058-042-066-3-06-25

New Mexico Bernalillo County Albuquerque 87110 Fairgrounds

916 Alcazar St NE, Albuquerque, NM

This home is located at 916 Alcazar St NE, Albuquerque, NM 87110 since 11 August 2019. This property was built in 1976. 916 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.

Nearby Homes