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
AVG $300K
$280K
Taxes
AVG $2,470
$2,518
Visits
AVG 30
48
Year Built
AVG 1963
1945
Walkscore
AVG 64
91
Data Provided by Walkscore ® not using MLS data

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