Barbara Madaras - Coldwell Banker Legacy
1401 Silver Avenue SE
Albuquerque, NM 87106

Description

NM Apartments Advisor is excited to bring this UNM area triplex to 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%.

Details

MLS#928271
Sub-TypeResale
StatusActive
Year1930
Days On Site66

Features

SQ Feet2,281
Units5
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87106
Area42 - UNM South
Listing VS Median (in 87106)
Price:
$275,000
low | high
Med:
$304,900
39.127272727273% of Average
SqFt:
2,281
low | high
Med:
1,878
67.66768960982% of Average
$ / SqFt:
$121
low | high
Med:
$162
15.335095362572% of Average
On Site:
66
low | high
Med:
59
100% of Average
Listing Updated: 11/16/2018
MLS Number: 928271
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.