1401 Silver Avenue SE

    Albuquerque, NM 87106
    • $275,000
    • STATUS: Active
    • ON SITE: 311 days
    • MLS #: 928271
    UPDATED: 48 min ago
    $275,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,281
      SQFT
    • $121
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    NM Apartments Advisor is excited to bring this UNM area fiveplexto market at 1401 Silver SE.Located adjacent to the Presbyterian hospital campus and less than four blocks from the main UNM campus, this has a high walk (77) score, transit (50) score and Bike score (94). Recent comparable sales indicate a market value of $347,011. Measure of investment performance at the average rent of $560, include a GRM of 8.18, an after reserves cap rate of 5.10%, and an after tax IRR of 10.00%.If rents are bumped to the market average of $702, measure of investment performance increase to a GRM of 6.53, an after reserves cap rate of 7.50%, a cash on cash of 10.30%.

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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: 2019-07-20T15:05:29.43.
    www.metrohomesearch.com/homes/87390649

    1401 Silver Avenue SE Albuquerque, NM 87106

    • Price: $275,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 928271
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,281
    SQFT
    $121
    $/SQFT
    1930
    Built
    Neighborhood:
    Terrace Add
    County:
    Bernalillo
    Area:
    42 - UNM South
    Property Description
    NM Apartments Advisor is excited to bring this UNM area fiveplexto market at 1401 Silver SE.Located adjacent to the Presbyterian hospital campus and less than four blocks from the main UNM campus, this has a high walk (77) score, transit (50) score and Bike score (94). Recent comparable sales indicate a market value of $347,011. Measure of investment performance at the average rent of $560, include a GRM of 8.18, an after reserves cap rate of 5.10%, and an after tax IRR of 10.00%.If rents are bumped to the market average of $702, measure of investment performance increase to a GRM of 6.53, an after reserves cap rate of 7.50%, a cash on cash of 10.30%.
    Exterior Features

    Construction Frame Exterior Material Stucco Stories 1 Total Buildings 1 Total Stories In Building 1.0

    Interior Features

    Appliances Included Refrigerator Average Unit Size 456.20 Basement No Cooling Evaporative Cooling Flooring See Remarks Heating Gas Unit Type1 Approx Sq Ft 669 Unit Type1 Baths 1.00 Unit Type1 Bedrooms 2 Unit Type2 Approx Sq Ft 563 Unit Type2 Baths 1.00 Unit Type2 Bedrooms 1 Unit Type2 Style Basement Unit Unit Type3 Approx Sq Ft 348 Unit Type3 Baths 1.00 Unit Type3 Bedrooms 1 Unit Type4 Approx Sq Ft 152 Unit Type4 Baths 1.00 Unit Type4 Bedrooms 1 Unit Type5 Approx Sq Ft 549 Unit Type5 Baths 1.00 Unit Type5 Bedrooms 1

    Property Features

    5 Plus Units Yes Age 71 - 80 Allowance Concession YN No Amenities No Landscaping Apx Taxes 2902.30 Average Actual Rent 560.00 Bank Owned No Builder Unknown Disability Access Unknown Finance Considered CashFhaVa Lead Base Paint Yes Lot Size Source On-Line Multiple Lots One Owner Occupant Unit No Owner Pays Other - See Remarks Property Sub Type 5 Units Rental Info Call Listing Broker Sq Ft Source Floorplan Tax Exemption Unknown Tenant Pays Other - See Remarks Total Actual Rent 2800.00 Total Units 5 Trade Exchange Considered No Unit Summary Annualized 33600.00 Unit Type1 Actual Rent 650 Unit Type1 Market Rent 969 Unit Type1 Max Rent 650 Unit Type1 Num Units 1 Unit Type2 Actual Rent 650 Unit Type2 Market Rent 668 Unit Type2 Max Rent 650 Unit Type2 Num Units 1 Unit Type3 Actual Rent 550 Unit Type3 Market Rent 668 Unit Type3 Max Rent 550 Unit Type3 Num Units 1 Unit Type4 Actual Rent 375 Unit Type4 Market Rent 535 Unit Type4 Max Rent 375 Unit Type4 Num Units 1 Unit Type5 Actual Rent 575 Unit Type5 Market Rent 668 Unit Type5 Max Rent 575 Unit Type5 Num Units 1 Units For Sale 5 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: 2019-07-20T15:05:29.43.
     
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