306 Walter Street SE, Albuquerque, NM 87102

$398,500
2,733
SqFt
List Price
$398,500
MLS#
928457
Property Type
Multifamily
Sqft. of Residence
2,733
Lot Size
6,969
Region
Downtown Area
Status
ACTIVE
Estimated Age
81 - 99

Property 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%.

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.