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Jeanette Raver & Raver Team

8500 Menaul Blvd NE, Suite A-400
Albuquerque, New Mexico 87112
505-554-2213
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Listing 11 out of 2,147
$398,500 For Sale

306 Walter Street SE
Albuquerque, NM 87102

5 units | Multi Family Home
6970 sq ft - MLS# 928457
Property Photo

Description

5 units in amazing neighborhood with high walk (84), bike (90) and transit (56)score.Priced below its comparable sales at $415,945.Measure of investment performance at average rent of $578 include a GRM of 12.10, an after reserves CAP Rate of 5.50%, and an before tax IRR Of 11.20%.If the rents are raised to the market at $698, measures of investment performance improve to a GRM of 9.52, a cap rate of 7.0%.

DIRECTIONS: From I-25 And Lead - West To Walter, North To Property.

Features

  • Property Type: Multi Family Home
  • Sub Type: 5 Units
  • Listing Status: Active
  • County/Area: Bernalillo County
  • Zip Code: 87102
  • Year Built: 1921
  • Age: 81 - 99
  • Subdivision/Neighborhood: Hunings Highland Add
  • Sq.Ft.: 2,733 sq ft
  • Stories: 1
  • Units: 5 units
  • Lot Size: 6970 sq ft
  • Zoning: SU-2
  • 5+ Units: Yes
  • Amenities: Wshr/Dryr Hu In Unit
  • Appliances included: Refrigerator
  • Construction: Frame
  • Cooling: 2+units
  • Exterior Material: Stucco
  • Flooring: Wood
  • Heating: 2+ Units
  • Lot SqFt: 6969.60
  • Total # of Buildings: 1
  • Unit 1: 1, 1-Bed, 1-Bath
  • Unit 2: 1, 1-Bed, 1-Bath
  • Unit 3: 2, 1-Bed, 1-Bath, W/Laundry
  • Unit 4: 1, 1-Bed, 1-Bath, W/Laundry
  • Unit Summary: Annualized: 34740
  • Unit Summary: Average Actual Rent: 579
  • Unit Summary: Average Unit Size: 550
  • Unit Summary: Total Actual Rent: 2895
  • Unit Summary: Total Units: 5
  • Utilities: All City
Courtesy of Nm Apartment Advisors, Inc., Todd D Clarke, (505) 440-8633



Jeanette Raver and The Raver Team
8500 Menaul Blvd NE, Suite A-400
Albuquerque, NM 87112
Office: 505-554-2213
Email: jeanette@raverteam.com

Testimonials

My experience with Jeanette was wonderful. She was there to walk me through the stressful process from start to finish. You cannot say that about most realtors these days. Jeanette treated me more like a friend then a client. If you are looking to sell, buy, or sell and buy a home, I would look no further. She is honestly the most trustworthy realtor I have come by. Previous Client
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