508 Alcazar Street SE
Albuquerque, NM 87108
- 2 beds
- 1 bath
- 2,870 sqft
- 6,969 sqft lot
- $130 per sqft
- 1945 build
- – on site
Incredible investment opportunity for this one story 4 unit property. Each unit is 2 bedrooms 1 bath with exceptional but improvable rents. 1 off street parking for each tenant plus on street parking. Current HUD guidelines have rents from $900-1144 for a 2/1. All units separately metered for electric and gas (tenant pays). Owner pays water, sewer, trash. The property is gated with a low maintenance yard. Call for lease information. Avg rent of $837.50 and $93,750 per unit $130.66 per sq/ft. Minimal expenses with current cap rate of 7.5%.
Last checked:
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Last updated Jan 10, 2025
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MLS# 1069385 —
The Building
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Year Built:1945
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Builder Name:Unknown
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New Construction:false
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Stories:1
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Levels:One
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Basement:false
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Building Area Total:2870.0
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Building Area Source:ListingAgent
Interior
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Flooring:Tile
Room Dimensions
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Living Area:2870.0
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Living Area Source:ListingAgent
Location
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Directions:Louisiana Blvd South to Bell. East on Bell to Alcazar. South on Alcazar to property on the right.
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Latitude:35.070417
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Longitude:-106.567205
The Property
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Parcel Number:101905604244621116
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Property Type:ResidentialIncome
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Property Subtype:Quadruplex
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Property Subtype Additional:Quadruplex
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Property Condition:Resale
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Zoning Description:R-ML*
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Lot Size Acres:0.16
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:6969.6
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (505) 350-8184
- Office phone:
- (505) 897-1100
Taxes
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Tax Annual Amount:4091.99
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
Heating & Cooling
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Heating:Central,ForcedAir
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Heating:true
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Cooling:EvaporativeCooling
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Cooling:true
Utilities
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Utilities:ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
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Electric:None
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Green Energy Generation:None
Appliances
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Appliances:FreeStandingGasRange
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/9/25
Jan 9, 2025
|
Listed / Active | SWMLS | $375,000 |
