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    300 Whispering Sands Court SE

    Albuquerque, NM 87123
    • $269,545
    • STATUS: Active
    • ON SITE: 8 days
    • MLS #: 981280
    UPDATED: 21 min ago
    $269,545
    • 2
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,400
      SQFT
    • $79
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1981
    County:

    School Ratings & Info

    Description

    This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and is just off the major loop for mass transit.Four by two bedroom one bathroom units with wood burning fireplaces make for cozy living spaces. The downstairs units have private patio/backed areasAt the ask price of $269,545 and an average rent of $660 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.42% (before reserves), a price per unit of $67,386 a price per square foot of $79.28 an after tax IRR of 17.90%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 8.19, and a cap rate of 7.35% (before reserves).

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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 Sandi Pressley Team. Data last updated: 2020-11-27T08:04:47.28.
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    300 Whispering Sands Court SE Albuquerque, NM 87123

    • Price: $269,545
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 981280
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,400
    SQFT
    $79
    $/SQFT
    1981
    Built
    Neighborhood:
    Dorado Skies Subdivision
    County:
    Bernalillo
    Area:
    71 - Southeast Heights
    Property Description
    This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and is just off the major loop for mass transit.Four by two bedroom one bathroom units with wood burning fireplaces make for cozy living spaces. The downstairs units have private patio/backed areasAt the ask price of $269,545 and an average rent of $660 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.42% (before reserves), a price per unit of $67,386 a price per square foot of $79.28 an after tax IRR of 17.90%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 8.19, and a cap rate of 7.35% (before reserves).
    Exterior Features

    Construction Materials Frame Exterior Features Landscaping Stories Total 2

    Interior Features

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

    Property Features

    Additional Parcels YN Yes Builder Name Unknown Building Area Total 3400 Disclosures Ranm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 1858 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-Ml*

    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 Sandi Pressley Team. Data last updated: 2020-11-27T08:04:47.28.
     
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    Alburquerque NM, 87111