304 Western Skies Drive SE Albuquerque, NM
$ 322,229
Property Attributes
  • MLS#1000282
  • TypePending
  • CityAlbuquerque
  • AreaSoutheast Heights
  • NeighborhoodDorado Skies Subdivision
  • Zip87123
  • StyleQuadruplex
  • Year Built1979
  • Taxes$ 1893
  • Price$ 322,229
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage3464
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Data Source:
Southwest MLS (SWMLS)
Property Description

Did you know that the average fourplex sales price of $322,843 reflects an appreciation of 31% between 2020 to 2021? Or that 24% of the fourplex market is in product that sold for more than $400,000? Our clients have our listing keeping pace with the (2.5%) monthly appreciation in the market as evidence by this property's price increase from $299,500 to the new price of $322,229.At the ask price of $322,229 and an average rent of $669 the measure of investment performance include a GRM of 10.04, a CAP rate of 6.03% (before reserves), a price per unit of $80,557 a price per square foot of $93.78 an after tax IRR of 16.80%.If rents were to be raised to market of $850, the measures of investment performance improve to a GRM of 7.90, and a cap rate of 8.40%.

Price History
9/2/2021 Listed $299,500

General Features

Additional Parcels Y/N Yes
Appliances Refrigerator
Construction Materials Frame
Cooling Evaporative Cooling
Electric None
Flooring Carpet, Vinyl
Heating Radiant
Levels Two
Listing Agent State License 13711
Lot Size Square Feet 6534
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 Dorado Skies Subdivision
Terms Cash, Conventional, FHA, VA Loan
Total Units 4
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Virtual Tour
Virtual Tour
Zoning Description R-ML*

Interior Features

Air Conditioning Y/N Yes
Fireplace Features Option
Heating Y/N Yes
Living Area 3464
Total Baths 1
Total Bedrooms 2

Exterior Features

Lot Size Acres 0.15
Lot Size Source Public Records
Number of Buildings 1
Total Parking 6


  • 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 $330K
AVG $3,070
AVG 45
Year Built
AVG 1989
AVG 23
Data Provided by Walkscore ® not using MLS data

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