304 Western Skies Drive Se, Albuquerque, 87123

2Beds
1Bath
3,464Sqft
.15Acres
1979Built
290DOM

$245,000

Todd D Clarke
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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).

Essential Information

MLS® #: 951542
Price: $245,000
Bedrooms: 2
Bathrooms: 1.00
Square Footage: 3,464
Acres: 0.15
Year Built: 1979
Type: Residential Income
Sub-Type: Quadruplex
Status: Active

Community Information

Address: 304 Western Skies Drive Se
Area: 71 - Southeast Heights
Subdivision: Dorado Skies Subdivision
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87123

Amenities

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected

Interior

Interior: Carpet, Vinyl
Interior Features: Fireplace
Appliances: Refrigerator
Heating: Radiant
Cooling: Evaporative Cooling
# of Stories: 2

Exterior

Construction: Frame

Additional Information

Date Listed: August 11th, 2019
Days on Market: 290

Listing Details

Listing Agent: Todd D Clarke
Listing Office: NM Apartment Advisors, Inc.

Financials

$/SqFt: $71

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Listing information last updated on July 15th, 2020 at 6:15pm MDT.