304 Western Skies Drive Se, Albuquerque, 87123

2Beds
1Bath
3,464Sqft
.15Acres
1979Built
209DOM

$245,000

Todd D Clarke
Please provide a valid email address.

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

Interior

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

Exterior

Construction: Frame

Additional Information

Date Listed: August 11th, 2019
Days on Market: 209

Listing Details

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

Financials

$/SqFt: $71

Properties for Sale Similar to 304 Western Skies Drive Se, Albuquerque, NM

Well Maintained Four Plex, Each Unit Offering 2...

$219,900 Active 404 Dorado Court Se, Albuquerque, NM
  • 2 Beds
  • 1 Baths
  • 0.15 Acres
  • 3,200 ft²

Residential Income

Well Maintained Four Plex, Each Unit Offering 2 Bedroom 1 Bathroom. 2 Downstairs Units With Covered Entries And 2 Upstairs Units With Balconies. Washer And Dryer On-sight, Coin Operated. Located In A Cul-de-sac.

MLS® #950569

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.

Listing information last updated on April 3rd, 2020 at 4:01pm MDT.