304 Western Skies Dr SE, Albuquerque, NM 87123

Commercial property for lease

• Description
• NM Apartment Advisors is excited to have listed this fabulous Fourplex near Four Hills at 304 Western Skies SE. This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and on the major loop for mass transit.Four by two bedroom one bathroom units with separate laundry rooms (in each apartment) and one of the units includes a fireplace.At the ask price of $175,000 and an average rent of $556 the measure of investment performance include a GRM of 8.75, a CAP rate of 6.40% (before reserve), a price per unit of $58,375, a price per square foot of $67.96 an after tax IRR of 16.10%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 7.09, and a cap rate of 8.70%.The 14 page property flyer with APOD, rents, expenses, floorplans, photos and more at http://www.nmapartment.com/apt/NMAA-Western304SE.pdf Building price details: $233,500.
• Contact info
• Todd Clarke

  NM Apartment Advisors, Inc.
• Note

• Details Info about this row that located on 304 Western Skies Dr SE, Albuquerque, NM 87123 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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