Address
245 Solano - 3708 Grande Drive NE Albuquerque, NM
Price
$ 276,000
Property Attributes
- MLS#975996
- TypePending
- CountyBERNALILLO
- CityAlbuquerque
- AreaUNM
- NeighborhoodCollege View Addition
- Zip87108
- StyleTriplex
- Year Built1945
- Taxes2518
- Price$ 276,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage2362
- Lot Size6,970 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
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.
| Price History | |
|---|---|
| 8/31/2020 | Listed $276,000 |
General Features
| Appliances | Refrigerator |
|---|---|
| Construction Materials | Frame |
| Cooling | Evaporative Cooling |
| Electric | None |
| Exterior Features | Landscaping |
| Heating | Central, Forced Air |
| MLS Area | 40 - UNM |
| Property SubType | Triplex |
| Property Type | Residential Income |
| PropertyCondition | Resale |
| Stories | 1 |
| Subdivision Name | College View Addition |
| Terms | Cash, Conventional, FHA, VA Loan |
| Total Units | 3 |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Zoning Description | R-T* |
Interior Features
| Heating Y/N | Yes |
|---|---|
| Living Area | 2362 |
| Total Baths | 1 |
| Total Bedrooms | 1 |
Exterior Features
| Lot Size Acres | 0.16 |
|---|---|
| Lot Size Source | Public Records |
| Lot Size Square Feet | 7013 |
| Number of Buildings | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 87108
Price
Taxes
Visits
Year Built
Walkscore
IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or ROC Real Estate Partners . Data last updated: January 19, 2021 7:46 PM UTC
