1401 Silver Avenue Se, Albuquerque, 87106

Residential Income - 5 Units For Sale in Terrace Add

$275,000

Beds
Baths
2,281Sqft
.11Acres
1930Built
346DOM
MLS® #: 928271
Active, 346 Days on Market

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%.

Essential Information

MLS® #: 928271
Price: $275,000
Square Footage: 2,281
Acres: 0.11
Year Built: 1930
Type: Residential Income
Sub-Type: 5 Units
Status: Active

Community Information

Address: 1401 Silver Avenue Se
Area: 42 - UNM South
Subdivision: Terrace Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87106

Amenities

Amenities: No Landscaping
Utilities: All City

Interior

Appliances: Refrigerator
Heating: Gas
Cooling: Evaporative
# of Stories: 1
Stories: 1 Story

Exterior

Construction: Frame

Additional Information

Date Listed: September 10th, 2018
Days on Market: 346
Zoning: SU-2

Listing Details

Listing Office: NM Apartment Advisors, Inc.

Financials

$/SqFt: $121

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on August 23rd, 2019 at 5:28am MDT.