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    245 Solano - 3708 Grande Drive NE

    Albuquerque, NM 87108
    • $276,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 975996
    UPDATED: 34 min ago
    $276,000
    • 1
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:
    Area:

    School Ratings & Info

    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.

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    IDX information © 2020 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 The Bigelow Team | Red Fox Realty. Data last updated: 2020-09-20T20:04:56.84.
    www.bigelowrealestateteam.com/homes/109519524
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    245 Solano - 3708 Grande Drive NE Albuquerque, NM 87108

    • Price: $276,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 975996
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1945
    Built
    Neighborhood:
    College View Addition
    County:
    Bernalillo
    Area:
    40 - UNM
    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.
    Exterior Features

    Construction Materials Frame Exterior Features Landscaping Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Electric None Electric On Property YN No Heating CentralForced Air Heating YN Yes

    Property Features

    Builder Name Unknown Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 25251 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 8569 Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 2518 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-T*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2020 Southwest Multiple Listing Service, Inc.


    IDX information © 2020 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 The Bigelow Team | Red Fox Realty. Data last updated: 2020-09-20T20:04:56.84.
     
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    The Bigelow Team | Red Fox Realty
    Albuquerque NM,