Skip To Content

    304 Western Skies Drive SE

    Albuquerque, NM 87123
    • $299,500
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 1000282
    UPDATED: 67 min ago
    $299,500
    • 2
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,464
      SQFT
    • $86
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    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?At the ask price of $299,500 and an average rent of $650 the measure of investment performance include a GRM of 9.60, a CAP rate of 6.23% (before reserves), a price per unit of $74,875 a price per square foot of $87.17 an after tax IRR of 16.90%.If rents were to be raised to market of $850, the measures of investment performance improve to a GRM of 7.34, and a cap rate of 9.14% (before reserves).

    Monthly Payment Calculator



    IDX information © 2021 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2021-09-17T20:04:55.967.
    www.metrohomesearch.com/homes/121067569
    Print Image

    304 Western Skies Drive SE Albuquerque, NM 87123

    • Price: $299,500
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 1000282
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,464
    SQFT
    $86
    $/SQFT
    1979
    Built
    Neighborhood:
    Dorado Skies Subdivision
    County:
    Bernalillo
    Area:
    71 - Southeast Heights
    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?At the ask price of $299,500 and an average rent of $650 the measure of investment performance include a GRM of 9.60, a CAP rate of 6.23% (before reserves), a price per unit of $74,875 a price per square foot of $87.17 an after tax IRR of 16.90%.If rents were to be raised to market of $850, the measures of investment performance improve to a GRM of 7.34, and a cap rate of 9.14% (before reserves).
    Exterior Features

    Construction Materials Frame Levels Two Parking Total 6 Stories Total 2

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Fireplace Features Option Flooring CarpetVinyl Heating Radiant Heating YN Yes

    Property Features

    Additional Parcels YN Yes Builder Name Unknown Building Area Total 3464 Disclosures Ranm 2100 Disclosure Gross Income 29640 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 11893 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 1893 Tenant Pays OtherSee Remarks Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone Connected Zoning Description R-Ml*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


    IDX information © 2021 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2021-09-17T20:04:55.967.
     
    https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1000282-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1000282-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1000282-2.jpg
    Logo
    Campbell & Campbell Real Estate Services
    5716 Osuna Rd NE
    Albuquerque NM, 87109