245 Solano - 3708 Grande Ne Drive, Albuquerque, NM 87108

$276,000
1
BD
1
BA
List Price
$276,000
MLS#
975996
Status
ACTIVE
Number of Units
3
County
Bernalillo
City
Albuquerque
Subdivision
College View Addition
Bedrooms
1
Bathrooms
1
Acres
0.16

Property Description

Zoom call 9/23 at noon, offer deadline 9/24 at noonThe property has high walk (86), bike (93), and transit (48) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents).At the start price of $276,000 and an average rent of $738 the measure of investment performance include a GRM of 10.38, a CAP rate of 6.29%, a price per unit of $92,000, a price per square foot of $116.85 and an after-tax IRR of 16.70%. If rents are raised to the market average of $842, measures of investment performance improve to a GRM of 9.11, a Cap rate of 7.49% and a cash on cash of 12.80%.Each unit has their own yard space - 245 Solano has hardwood floors and new carpeting - 3718 Grande has a fireplace and washer/ dryer hookups.

Additional Information

Days on Market
20
Year Built
1945
Stories
1
Cooling
Evaporative Cooling
Heating
Central, Forced Air
Exterior Features
Landscaping

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
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.