306 Walter Street SE, Albuquerque, NM 87102

$369,750
2,733
SqFt
List Price
$369,750
Price Change
▼ $28,750 1555450404
MLS#
928457
Property Type
Multifamily
Sqft. of Residence
2,733
Lot Size
6,969
Region
Downtown Area
Status
PENDING
Estimated Age
81 - 99

Property Description

My owner has requested I get this beautiful 5 unit apartment community moved - and they have priced it below the comparable sales. The property contains an Victorian house split into 2 units + rear triplex, in in amazing neighborhood with high walk (84), bike (90) and transit (56) score.The new offering price is $369,750.Measure of investment performance at average rent of $591 include a GRM of 10.98, a before reserves CAP Rate of 6.43%, and a before tax IRR Of 13.40%. If rents were raised to the market average of $698, the measure of investment performance increase to a cap rate of 7.79%, and a 10.60% Cash on cash.

Additional Information

County
Bernalillo
Subdivison
Hunings Highland Add
Age
81 - 99
Acres
0.16
Approximate Taxes
1084.34
Appliances Included
Refrigerator
Detached Type
Yes
Disability Access
Unknown
Financing
Cash, Conventional, FHA, VA
Floor Number
5
Flooring
Wood
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
5
Total
1
Township
Unknown
Utilities
All City
Zoning
SU-2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.