Barbara Madaras - Coldwell Banker Legacy
1616 Gold Avenue SE
Albuquerque, NM 87106

Description

NM Apartments Advisor is excited to bring this UNM area triplex to market at 1616 Gold SE.Located less than two blocks from the main UNM campus, this has a high walk (80) score, transit (50) score and Bike score (97). Recent comparable sales indicate a market value of $243,030. Measure of investment performance at the average rent of $630, include a GRM of 9.24, an after reserves cap rate of 7.59%, a cash on cash of 11.03%, and an after tax IRR of 14.30%.If rents are bumped to the market average of $709, measure of investment performance increase to a GRM of 7.80, an after reserves cap rate of 8.86%, a cash on cash of 16.11%.

Details

MLS#928083
Sub-TypeResale
StatusActive
Year1941
Days On Site9

Features

SQ Feet1,632
Units3
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87106
Area42 - UNM South
Listing VS Median (in 87106)
Price:
$199,000
low | high
Med:
$284,450
7.060301507538% of Average
SqFt:
1,632
low | high
Med:
1,481
59.252450980392% of Average
$ / SqFt:
$122
low | high
Med:
$193
8.151701621332% of Average
On Site:
9
low | high
Med:
103.5
8.695652173913% of Average
Listing Updated: 09/18/2018
MLS Number: 928083
Listing Provided By:
Todd D Clarke  of  NM Apartment Advisors Inc.