8600 Zuni Road SE, Albuquerque, NM 87108 (MLS# 955168)

8600 Zuni Road SE, Albuquerque, NM 87108

$994,610

8600-Zuni-SE-Unit-21-Arrow-click-or-touc

Property Type: Residential Income Lot Size (sq. ft.): 43,560 Status: Closed

Current Price: $994,610 List Date: 10/02/2019 Last Modified: 11/24/2025

Overview

Description

NOTE*** Seller has accepted an offer, but purchase and sale agreement allows Seller to continue to receive offers in a backup position. Although recent renovations have been done, this investment is a value add opportunity. Measures of investment performance at ask price of $939,963 and current average rent of $508 are a GRM of 5.84, a 9.06% cap rate, $37,599 per unit, $61.34/sf and a before tax IRR of 26.40% and an after tax IRR of 20.40%. If rents are raised to submarket average of $660, measures of investment performance increase to a GRM of 4.75, a 12.30% cap rate and a 27.82% cash on cash.

Listing Details MLS# 955168

Status Change Info

Pending Date: 2020-06-05
Closing Date: 2020-07-31

Location

Street #: 8600
Street Name: Zuni
St Suffix: Road
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3276
MLS Area Major: 71 - Southeast Heights
Zone Atlas: L19

CityCounty Data

Subdivision Name: J Earl Burns Add

General Property Description

# of Units: 25
5+ Units: Yes
Property Sub-Type: Multi-Family
Lot Size Source: On-Line
Acres: Yes
Lot SqFt: 43560
Directions: From Wyoming and I-40 south to Zuni, west to property
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: Yes
Year Built: 1960
Year Built Exception: Unknown
Age: 51 - 60
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One

Basement

Basement YN: No

More Information

Sales Info

Trade/Xch Considered: Yes

# of Unit Types (1)

# of Units: 24
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 608
Actual Rent: 509
Max Rent: 600
Market Rent: 654

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 725
Actual Rent: 485
Max Rent: 485
Market Rent: 686

Unit Summary

Total Units: 25
Average Unit Size: 612.68
Average Actual Rent: 508.04
Annualized: 152412
Total Actual Rent: 12701

Property Features

Construction Materials: Brick Veneer; Frame Build Description: Resale Amenities: Laundry Community Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Heating: Other Cooling: Other Flooring: Carpet; Vinyl Electric Provider: Community Electric: None Metering: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: R-T*

Documents

LO SO Letter to Buyer, Buyers Broker ›

Lead Based Paint ›

Tax Levy Disclosure ›

Flyer & APOD ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: November - 24 - 2025

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.