Mike Haley - Coldwell Banker Legacy
306 Walter Street SE
Albuquerque, NM 87102

Description

5 units in amazing neighborhood with high walk (84), bike (90) and transit (56)score.Priced below its comparable sales at $415,945.Measure of investment performance at average rent of $578 include a GRM of 12.10, an after reserves CAP Rate of 5.50%, and an before tax IRR Of 11.20%.If the rents are raised to the market at $698, measures of investment performance improve to a GRM of 9.52, a cap rate of 7.0%.

Details

MLS#928457
Sub-TypeResale
StatusActive
Year1921
Days On Site65

Features

SQ Feet2,733
Units5
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87102
Area80 - Downtown Area
Listing VS Median (in 87102)
Price:
$398,500
low | high
Med:
$227,900
92.810539523212% of Average
SqFt:
2,733
low | high
Med:
1,270
100% of Average
$ / SqFt:
$146
low | high
Med:
$179
26.930082296802% of Average
On Site:
65
low | high
Med:
20
100% of Average
Listing Updated: 11/18/2018
MLS Number: 928457
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.