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Listing 13 out of 2,149
$398,500 For Sale

306 Walter Street SE
Albuquerque, NM 87102

5 units | Multi Family Home
6970 sq ft - MLS# 928457
Property Photo
1/24

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%.

DIRECTIONS: From I-25 And Lead - West To Walter, North To Property.

Features

  • Property Type: Multi Family Home
  • Sub Type: 5 Units
  • Listing Status: Active
  • County/Area: Bernalillo County
  • Zip Code: 87102
  • Year Built: 1921
  • Age: 81 - 99
  • Subdivision/Neighborhood: Hunings Highland Add
  • Sq.Ft.: 2,733 sq ft
  • Stories: 1
  • Units: 5 units
  • Lot Size: 6970 sq ft
  • Zoning: SU-2
  • 5+ Units: Yes
  • Amenities: Wshr/Dryr Hu In Unit
  • Appliances included: Refrigerator
  • Construction: Frame
  • Cooling: 2+units
  • Exterior Material: Stucco
  • Flooring: Wood
  • Heating: 2+ Units
  • Lot SqFt: 6969.60
  • Total # of Buildings: 1
  • Unit 1: 1, 1-Bed, 1-Bath
  • Unit 2: 1, 1-Bed, 1-Bath
  • Unit 3: 2, 1-Bed, 1-Bath, W/Laundry
  • Unit 4: 1, 1-Bed, 1-Bath, W/Laundry
  • Unit Summary: Annualized: 34740
  • Unit Summary: Average Actual Rent: 579
  • Unit Summary: Average Unit Size: 550
  • Unit Summary: Total Actual Rent: 2895
  • Unit Summary: Total Units: 5
  • Utilities: All City
Courtesy of Nm Apartment Advisors, Inc., Todd D Clarke, (505) 440-8633

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Doug Cowan

Doug Cowan

NMSL#16748
Cowan & Associates, Realtors®
Las Cruces, NM 88012

505-259-6983
Contact Me

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