Tim Fish - Coldwell Banker Legacy
317 Stanford Drive SE
Albuquerque, NM 87106

Description

Large recently renovated residence in the front + rental house in the rear.Located a few hundred steps from UNM the property has high walk (81), Transit (48) and Bike scores (96).Gleaming hard wood floors, built ins: niches, bookshelves, linen closets and dish shelves speak to the 1920s vintage and quality of the residence. Virtual tour of front residence available.Measures of investment performance include: at average rent of $875 a month, 10.24 GRM, 6.31% Cap rate, 14.00% IRR before tax, 11.30% IRR after tax. Disclosure: co-listing broker is related to owner.Property is being sold using the BID process - tour date is 8/22 at noon - with an offer deadline of 5pm (MST) on 8/23/2018.

Details

MLS#925616
Sub-TypeResale
StatusActive
Year1926
Days On Site8

Features

SQ Feet1,750
Units2
Building(s)2

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87106
Area42 - UNM South
Listing VS Median (in 87106)
Price:
$215,000
low | high
Med:
$325,000
2% of Average
SqFt:
1,750
low | high
Med:
1,689
53.485714285714% of Average
$ / SqFt:
$123
low | high
Med:
$192
6.62219284839% of Average
On Site:
8
low | high
Med:
16
50% of Average
Listing Updated: 08/13/2018
MLS Number: 925616
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.