304 Western Skies Dr SE
Albuquerque, NM 87123

Four Hills area fourplex only $245,000 NM Apartment Advisors is excited to have listed this fabulous Fourplex near Four Hills at 304 Western Skies SE. This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and on the major loop for mass transit. Four by two bedroom one bathroom units with separate laundry rooms (in each apartment) and one of the units includes a fireplace. At the ask price of $245,000 and an average rent of $600 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.90% (before reserves), a price per unit of $61,250 a price per square foot of $71.30 an after tax IRR of 17.80%. If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 7.44, and a cap rate of 8.2% (before reserves). The 16 page property flyer with APOD, rents, expenses, floorplans, photos and more at http://www.nmapartment.com/apt/NMAA-Western304SE.pdf Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD