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    304 Western Skies Drive SE

    Albuquerque, NM 87123
    • $245,000
    • STATUS: Active
    • ON SITE: 438 days
    • MLS #: 951542
    UPDATED: 136 min ago
    $245,000
    • 2
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,464
      SQFT
    • $71
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and on the major loop for mass transit.Four by two bedroom one bathroom units with separate laundry rooms (in each apartment) and one of the units includes a fireplace.At the ask price of $245,000 and an average rent of $600 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.90% (before reserves), a price per unit of $61,250 a price per square foot of $71.30 an after tax IRR of 17.80%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 7.44, and a cap rate of 8.20% (before reserves).

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    IDX information © 2020 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: 2020-10-23T00:04:52.67.
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    304 Western Skies Drive SE Albuquerque, NM 87123

    • Price: $245,000
    • Status: Active
    • Updated: 136 min ago
    • MLS #: 951542
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,464
    SQFT
    $71
    $/SQFT
    1979
    Built
    Neighborhood:
    Dorado Skies Subdivision
    County:
    Bernalillo
    Area:
    71 - Southeast Heights
    Property Description
    This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and on the major loop for mass transit.Four by two bedroom one bathroom units with separate laundry rooms (in each apartment) and one of the units includes a fireplace.At the ask price of $245,000 and an average rent of $600 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.90% (before reserves), a price per unit of $61,250 a price per square foot of $71.30 an after tax IRR of 17.80%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 7.44, and a cap rate of 8.20% (before reserves).
    Exterior Features

    Construction Materials Frame Parking Total 6 Stories Total 2

    Interior Features

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

    Property Features

    Additional Parcels YN Yes Builder Name Unknown Building Area Total 3464 Disclosures Ranm 2100 Disclosure Gross Income 27360 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 11439 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 1772 Tenant Pays OtherSee Remarks Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone Connected Zoning Description R-Ml*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2020 Southwest Multiple Listing Service, Inc.


    IDX information © 2020 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: 2020-10-23T00:04:52.67.
     
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    Campbell & Campbell Real Estate Services
    6715-B Academy NE
    Albuquerque NM, 87109