Address
620 Chama Street SE Albuquerque, NM
Price
$ 298,999
Property Attributes
  • MLS#1004712
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaSoutheast Heights
  • NeighborhoodLot 6 - Block 21 - Emil Mann Addition
  • Zip87108
  • StyleQuadruplex
  • Price$ 298,999
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage2564
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Data Source:
Southwest MLS (SWMLS) - 101 - NM
Property Description

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%.

Price History
11/16/2021 Listed $298,999

General Features

Additional Parcels Y/N Yes
Appliances Refrigerator
Construction Materials Frame
Cooling Evaporative Cooling
Electric None
Flooring See Remarks
Heating Central, Forced Air
Levels Two
Listing Agent State License 13711
Lot Size Square Feet 6970
MLS Area 71 - Southeast Heights
Property Sub Type Additional Quadruplex
Property SubType Quadruplex
Property Type Residential Income
PropertyCondition Resale
Status Active
Stories 2
Subdivision Name Lot 6, Block 21, Emil Mann Addition
Terms Cash, Conventional, FHA, VA Loan
Total Units 4
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning Description R-ML*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 2564
Total Baths 1
Total Bedrooms 2

Exterior Features

Lot Size Acres 0.16
Lot Size Source Public Records
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 87108

Price
AVG $480K
$300K
Visits
AVG 34
16
Year Built
AVG 1968
1986
Walkscore
AVG 66
61
Data Provided by Walkscore ® not using MLS data

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