306 Walter Street Se, Albuquerque, 87102

REDUCED 7% Residential Income - 5 Units For Sale in Hunings Highland Add

$369,750

Beds
Baths
2,733Sqft
.16Acres
1921Built
223DOM
MLS® #: 928457
Pending, 223 Days on Market

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.

Essential Information

MLS® #: 928457
Price: $369,750
Square Footage: 2,733
Acres: 0.16
Year Built: 1921
Type: Residential Income
Sub-Type: 5 Units
Status: Pending

Community Information

Address: 306 Walter Street Se
Area: 80 - Downtown Area
Subdivision: Hunings Highland Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87102

Amenities

Amenities: Wshr/Dryr HU in Unit
Utilities: All City

Interior

Appliances: Refrigerator
Heating: 2+ Units
Cooling: 2+Units
# of Stories: 1
Stories: 1 Story

Exterior

Construction: Frame

Additional Information

Date Listed: September 14th, 2018
Days on Market: 223
Zoning: SU-2

Listing Details

Listing Office: NM Apartment Advisors, Inc.

Financials

$/SqFt: $135

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

Listing information last updated on August 23rd, 2019 at 5:13am MDT.