1018 Silver Avenue SW

    Albuquerque, NM 87102
    • $1,212,000
    • STATUS: Active
    • ON SITE: 367 days
    • MLS #: 930839
    UPDATED: 41 min ago
    $1,212,000
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,756
      SQFT
    • $124
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1935
    County:

    School Ratings & Info

    Description

    Developed by the Plunkett family in 1930s and 1950s, this apartment community offers live-in amenities that are unparalleled in downtown living. The large, 2,824 house contains a family room, a living doom, a dining room, a bonus room and four bedrooms (we have listed it as a 3 bedroom as you enter one bedroom through another room) and 2/5 baths.The property has lush garden areas, spacious areas full of grass, a laundry room, a car port and five garages.At the ask price of $1,212,000 and an average rent of $1,009, the measure of investment performance include a GRM of 9.10, a CAP rate of 6.28%, a price per unit of $110,182, a price per square foot of $124.23 a before tax IRR of 14.30% and an after tax IRR of 11.40%.If rents were raised to market of $1,055, MIP improves to 6.

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    IDX information © 2019 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2019-10-21T18:06:21.783.
    www.metrohomesearch.com/homes/88644846

    1018 Silver Avenue SW Albuquerque, NM 87102

    • Price: $1,212,000
    • Status: Active
    • Updated: 41 min ago
    • MLS #: 930839
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    9,756
    SQFT
    $124
    $/SQFT
    1935
    Built
    Neighborhood:
    Raynolds Add
    County:
    Bernalillo
    Area:
    80 - Downtown Area
    Property Description
    Developed by the Plunkett family in 1930s and 1950s, this apartment community offers live-in amenities that are unparalleled in downtown living. The large, 2,824 house contains a family room, a living doom, a dining room, a bonus room and four bedrooms (we have listed it as a 3 bedroom as you enter one bedroom through another room) and 2/5 baths.The property has lush garden areas, spacious areas full of grass, a laundry room, a car port and five garages.At the ask price of $1,212,000 and an average rent of $1,009, the measure of investment performance include a GRM of 9.10, a CAP rate of 6.28%, a price per unit of $110,182, a price per square foot of $124.23 a before tax IRR of 14.30% and an after tax IRR of 11.40%.If rents were raised to market of $1,055, MIP improves to 6.
    Exterior Features

    Construction Frame Exterior Material Stucco Stories 2 Total Buildings 6 Total Stories In Building 2.0

    Interior Features

    Appliances Included Refrigerator Average Unit Size 886.90 Basement No Cooling 2+ UnitsEvaporative Cooling Flooring TileVinylWood Heating 2+ UnitsGas Unit Type1 Approx Sq Ft 691 Unit Type1 Baths 1.00 Unit Type1 Bedrooms 1 Unit Type1 Style 11Tth Street Unit Type2 Approx Sq Ft 2824 Unit Type2 Baths 2.50 Unit Type2 Bedrooms 4 Unit Type2 Style House Unit Type3 Approx Sq Ft 655 Unit Type3 Baths 1.00 Unit Type3 Bedrooms 1 Unit Type3 Style Silver Street Unit Type4 Approx Sq Ft 929 Unit Type4 Baths 1.00 Unit Type4 Bedrooms 2

    Property Features

    5 Plus Units Yes Age 71 - 80 Allowance Concession YN No Amenities Enclosed YardFireplace Some Units Apx Taxes 6190.00 Average Actual Rent 1008.54 Bank Owned No Builder Plunkett Disability Access Unknown Finance Considered CashConventional Lead Base Paint Yes Lot Size Source On-Line Multiple Lots Five Owner Occupant Unit Yes Owner Pays Other - See Remarks Property Sub Type 9 Or More Units Rental Info Other - See Remarks Source Broker ProvidedOwner Provided Sq Ft Source Floorplan Tax Exemption No Tenant Pays Other - See Remarks Total Actual Rent 11094.00 Total Units 11 Trade Exchange Considered No Unit Summary Annualized 133128.00 Unit Type1 Actual Rent 875 Unit Type1 Market Rent 950 Unit Type1 Max Rent 900 Unit Type1 Num Units 3 Unit Type2 Actual Rent 2200 Unit Type2 Market Rent 2200 Unit Type2 Max Rent 2200 Unit Type2 Num Units 1 Unit Type3 Actual Rent 879 Unit Type3 Market Rent 979 Unit Type3 Max Rent 958 Unit Type3 Num Units 6 Unit Type4 Actual Rent 995 Unit Type4 Market Rent 1000 Unit Type4 Max Rent 990 Unit Type4 Num Units 1 Units For Sale 11 Utilities All City Zoning Su-2

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2019 Southwest Multiple Listing Service, Inc.
    IDX information © 2019 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2019-10-21T18:06:21.783.
     
    Campbell & Campbell Real Estate Services
    6715-B Academy NE
    Albuquerque NM, 87109