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306 Walter Street SE Albuquerque, NM 87102

  • No. of Units
  • 2,733 sqft
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MultiFamily-Active $ 398,500

MLS#: 928457

Courtesy of: NM Apartment Advisors, Inc.

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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%.

Specifications


    Amenities


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    # of Unit Types (3)


  • 505
  • 2
  • 698
  • 695
  • 1

    Finance Considered


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  • 1
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