1401 Silver Avenue Se, Albuquerque, 87106



Todd D Clarke
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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: Pending

Community Information

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


Amenities: No Landscaping
Utilities: All City


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


Construction: Frame

Additional Information

Date Listed: September 10th, 2018
Days on Market: 369
Zoning: SU-2

Listing Details

Listing Agent: Todd Clarke
Listing Office: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633


$/SqFt: $121

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Listing information last updated on September 19th, 2019 at 3:28pm MDT.