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 $963 a month, 10.87 GRM, 6.30% Cap rate, 13.40% IRR before tax, 10.50% IRR after tax. New price reflects comparable sales and results of bid process.

Details

MLS#925616
Sub-TypeResale
StatusActive
Year1926
Days On Site291

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:
$250,992
low | high
Med:
$285,000
36.450564161408% of Average
SqFt:
1,750
low | high
Med:
2,012
35.028571428571% of Average
$ / SqFt:
$143
low | high
Med:
$144
49.811262928642% of Average
On Site:
291
low | high
Med:
107
100% of Average
Listing Updated: 05/23/2019
MLS Number: 925616
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.