• MLS® #: 951542
  • 304 Western Skies Drive Se
  • Albuquerque, NM 87123
  • $233,500
  • 3464 SqFt, 0.15 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

Newly 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 $233,500 and an average rent of $556 the measure of investment performance include a GRM of 8.75, a CAP rate of 6.40% (before reserve), a price per unit of $58,375, a price per square foot of $67.96 an after tax IRR of 16.10%.If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 7.09, and a cap rate of 8.70%.

Essential Information

  • MLS® #951542
  • Price$233,500
  • Square Footage3,464
  • Acres0.15
  • Year Built1979
  • TypeResidential Income
  • Sub-TypeFour Plex
  • StatusActive

Community Information

  • Address304 Western Skies Drive Se
  • Area71 - Southeast Heights
  • SubdivisionDorado Skies Subdivision
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87123


  • AmenitiesFireplace Some Units
  • Parking Spaces6


Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected


  • AppliancesRefrigerator
  • HeatingRadiant
  • CoolingEvaporative
  • # of Stories2
  • Stories2 Story


  • ConstructionFrame

Additional Information

  • Date ListedAugust 11th, 2019
  • Days on Market190
  • ZoningR-ML*
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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on February 18th, 2020 at 9:28am MST.