Homes by Carolyn Fischman

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

8600 Zuni Road SE, Albuquerque, NM 87108

$994,610
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
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

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101905645152311926

Tax & Legal Info

GRT Code
02-100
Tax Exemption
Unknown
Tax Annual Amount
11367.74

Construction Materials

Brick Veneer
Yes
Frame
Yes

Amenities

Laundry Community
Yes

Cooling

Other
Yes

Flooring

Carpet
Yes
Vinyl
Yes

Heating

Other
Yes

Owner Pays

Other - See Remarks
Yes

Tenant Pays

Other - See Remarks
Yes

Income & Expenses

Annual Gross Income
146480
Operating Expenses
72847

Build Description

Resale
Yes

Appliances included

Refrigerator
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Trade/Xch Terms

Equity See LO/SO
Yes
Trade for Home (H)
Yes
Trade for Home (L)
Yes
Trade for Other RE
Yes
Trade for Pers Prop
Yes

Electric Provider

Community
Yes

Electric

None
Yes

Metering

Other - See Remarks
Yes

Finance Considered

Cash
Yes
Conventional
Yes

Rental Info

Other - See Remarks
Yes

Zoning

R-T*
Yes

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*
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.

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