630 Alcazar Street

Description

Welcome to 630-632 Alcazar St SE, a well maintained 8-unit property in the Southeast neighborhood of Albuquerque. This complex, originally constructed in 1971, has a track record of consistent occupancy and hassle-free management, making it an ideal investment opportunity. Each of the eight units is separately metered for gas and electric. Water is master metered, and tenants are billed back for utility overages exceeding $100 per month. Recent upgrades include a roof replacement in 2020 and new exterior paint in 2023. Additionally, ceramic tile flooring has been installed in the living rooms, kitchens, and bathrooms, offering durability and easy maintenance. Additional income can be generated by upgrading the on-site laundry room and storage units. Don't miss the opportunity to own a well-maintained, income-generating property with a proven track record of success. 630-632 Alcazar St SE is poised to provide both steady returns and long-term appreciation. 7.5% Cap Rate on in-place income New Roof New Exterior Paint Tile Floors 6, 2 Bedroom Units Speratley metered Electric and Gas. Additional Income can be made with on-site laundry room. Laundry room already in place, it just needs a washer and dryer.