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