1018 Silver Avenue Sw, Albuquerque, 87102



Todd D Clarke
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Developed by the Plunkett family in 1930s and 1950s, this apartment community offers live-in amenities that are unparalleled in downtown living. The large, 2,824 house contains a family room, a living doom, a dining room, a bonus room and four bedrooms (we have listed it as a 3 bedroom as you enter one bedroom through another room) and 2/5 baths.The property has lush garden areas, spacious areas full of grass, a laundry room, a car port and five garages.At the ask price of $1,212,000 and an average rent of $1,009, the measure of investment performance include a GRM of 9.10, a CAP rate of 6.28%, a price per unit of $110,182, a price per square foot of $124.23 a before tax IRR of 14.30% and an after tax IRR of 11.40%.If rents were raised to market of $1,055, MIP improves to 6.

Essential Information

MLS® #: 930839
Price: $1,212,000
Square Footage: 9,756
Acres: 0.64
Year Built: 1935
Type: Residential Income
Sub-Type: 9 or More Units
Status: Active

Community Information

Address: 1018 Silver Avenue Sw
Area: 80 - Downtown Area
Subdivision: Raynolds Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87102


Amenities: Enclosed Yard, Fireplace Some Units
Utilities: All City


Appliances: Refrigerator
Heating: Gas, 2+ Units
Cooling: Evaporative, 2+Units
# of Stories: 2
Stories: 2 Story


Construction: Frame

Additional Information

Date Listed: October 18th, 2018
Days on Market: 399
Zoning: SU-2

Listing Details

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


$/SqFt: $124

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Listing information last updated on November 22nd, 2019 at 8:58am MST.