304 Western Skies Drive Se, Albuquerque, 87123



Todd D Clarke
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Newly listed this fabulous Fourplex near Four Hills at 304 Western Skies SE. 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 $233,500 and an average rent of $556 the measure of investment performance include a GRM of 8.75, a CAP rate of 6.40% (before reserve), a price per unit of $58,375, a price per square foot of $67.96 an after tax IRR of 16.10%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 7.09, and a cap rate of 8.70%.

Essential Information

MLS® #: 951542
Price: $233,500
Square Footage: 3,464
Acres: 0.15
Year Built: 1979
Type: Residential Income
Sub-Type: Four Plex
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: Fireplace Some Units
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Parking Spaces: 6


Appliances: Refrigerator
Heating: Radiant
Cooling: Evaporative
# of Stories: 2
Stories: 2 Story


Construction: Frame

Additional Information

Date Listed: August 11th, 2019
Days on Market: 193
Zoning: R-ML*

Listing Details

Listing Agent: Todd Clarke
Listing Office: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633


$/SqFt: $67

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Listing information last updated on February 22nd, 2020 at 10:11am MST.