312 Western Skies Drive SE Albuquerque, NM
$ 299,500
Property Attributes
  • MLS#984188
  • TypePending
  • CityAlbuquerque
  • AreaSoutheast Heights
  • NeighborhoodLot 4 - Dorado Skies
  • Zip87123
  • StyleQuadruplex
  • Year Built1979
  • Taxes$ 2057
  • Price$ 299,500
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage3436
  • Lot Size8,015 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Data Source:
Southwest MLS (SWMLS) - 101 - NM
Property Description

This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and near a major turnaround terminus for the City of Albuquerque's mass transit system.The property contains Four by two bedroom one bathroom units with their own utility closet with washer/dryer hook-ups.At the ask price of $299,500 and an average rent of $624 the measure of investment performance include a GRM of 10.00, a CAP rate of 6.01% (before reserves), a price per unit of $74,875 a price per square foot of $87.17 an after-tax IRR of 16.70%.If rents were raised to market of $850, the measures of investment performance improve to a GRM of 7.34, and a cap rate of 9.01%.Did you know that the average fourplex sales price of $314,948 reflects an appreciati

Price History
1/21/2021 Listed $275,968

General Features

Additional Parcels Y/N Yes
Appliances Refrigerator
Co-Listing Agent State License # 15579
Community Features Laundry Facilities
Construction Materials Frame
Cooling Evaporative Cooling
Electric None
Flooring Tile
Heating Central, Forced Air
Levels Two
Listing Agent State License 13711
Lot Size Square Feet 8015
MLS Area 71 - Southeast Heights
Property Sub Type Additional Quadruplex
Property SubType Quadruplex
Property Type Residential Income
PropertyCondition Resale
Status Pending
Stories 2
Subdivision Name Lot 4, Dorado Skies
Terms Cash, Conventional, FHA
Total Units 4
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning Description R-ML*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 3436
Total Baths 1
Total Bedrooms 2

Exterior Features

Lot Size Acres 0.18
Lot Size Source Public Records
Number of Buildings 1


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 87123

AVG $340K
AVG $3,245
AVG 27
Year Built
AVG 1991
AVG 22
Data Provided by Walkscore ® not using MLS data

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