3 months on rocket

630 SE Alcazar St, Albuquerque, NM, 87108

$700,000

Home List Price

$8,313*

Closing Credit

0 Baths
Condo

Location

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630 SE Alcazar St, Albuquerque$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1971
HeatingNatural Gas
CoolingEvaporative Cooling
MLS #202403623
Lot Size0.31 Acres
StatusActive

About 630 SE Alcazar St

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. The property is priced at an in-place cap rate of 7%, which accounts for a 40% expense ratio including management costs. Each of the eight units is separately metered for gas and electric. Water is master metered. All utilities are currently paid by the landlord. 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 rooms 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.

Property Details

Property Features

Property Information:

  • Architectural Style: One Story
  • Year Built: 1971

Listing Office:

  • Office Name: Real Estate Advisors, LLC
  • Office Phone: (505) 539-3200
  • Listing Agent: Jacob Rocker

Interior Features

Interior Information:

  • Basement: No
  • Interior: No Interior Steps

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Evaporative Cooling

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$344.7K

Med. Price/SqFt

$205

Avg. Days On Market

34

# of Sold Homes

438

630 SE Alcazar St vs Albuquerque

112 DAYS ON ROCKET

+78 Days

$700,000

+$355.2K More

KEY TAKEAWAY

This property is $355.2K more than the Median Sold Price in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SFAOR
  • MLS Number: #202403623

Listing Office:

  • Office Name: Real Estate Advisors, LLC
  • Office Phone: (505) 539-3200
  • Listing Agent: Jacob Rocker

IDXThe data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright © 2024 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4415791
2
/10

  • Emerson Elementary School

  • 620 Georgia St SE

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-4415792
1
/10

  • Wherry Elementary School

  • Bldg 25000th Kafb East

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-4415793
3
/10

  • La Mesa Elementary School

  • 7500 Copper Ave NE

  • 0.85 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,000. Typical income of Albuquerque, NM residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 630 SE Alcazar St

What is the listing price of this property?

The listing price of 630 SE Alcazar St property is $700,000.

What type of property is this?

The property 630 SE Alcazar St is a condo located in Albuquerque, New Mexico, 87108.

Is this property for sale now?

Active Listing: 630 SE Alcazar St is For Sale (Active/New) which means the seller is accepting offers.

Which year was this property built?

The year of construction for 630 SE Alcazar St is 1971.

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›630 SE Alcazar St

This home is located at 630 SE Alcazar St in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This home, which was built in 1971, sits on a 0.31 acre lot. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $700,000.

Over 86 listings were sold over their listed price in November 2024 in Albuquerque, NM. In the same period over 225 listings were sold below the listed price and 127 listings were sold for the listed price. In November 2024 in Albuquerque, NM there were 14.7% less homes for sale than in October 2024. Listings spent 34 days on the market in November 2024, and had a median list price of $344,759 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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