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245 Solano - 3718 Grande DR NE Albuquerque, NM 87108
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Key Details
Sold Price $370,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,362 sqft
Price per Sqft $156
Subdivision College View Addition
MLS Listing ID 975996
Sold Date 07/30/21
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1945
Annual Tax Amount $2,518
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Description
Excited to bring back to the market 245 Solano/3708 Grande NE a triplex located on the SW corner of Grande Avenue and Aliso Drive., this property is embedded in an area of nicer single family residences and is biking distance to UNM, CNM, and walking distance to Nob Hill.New to the market and an amazingly rare find the perfect triplex for an owner occupant in the property has high walk (86), bike (93), and transit (48) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents).At the list price of $355,695 and an average rent of $803 (an 8% increase over last fall) the measure of investment performance include a GRM of 12.30, a CAP rate of 5.34%, a price per unit of $118,565, a price per square foot of $150.59.
Location
State NM
County Bernalillo
Area 40 - Unm
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring See Remarks
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101705705832320212
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Cash
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