NM Apartment Advisors is excited to bring to market this 7 unit apartment with large owners units to the market. Built in 1957, this property has a ton of built-ins - in the kitchen, closets and bedroom.Mostly hardwood floors and 100% charm, the property, 1340 San Mateo SE, is just north of the famous Chevy-on-the-stick-sculpture, and possesses a good walk (79), bike (79), and transit (38) scores.At the ask price of $430,000 and an average rent of $565, the measure of investment performance include a GRM of 9.06, a CAP rate of 6.20%, a price per unit of $61,429, a price per square foot of $82.38 and an after tax IRR of 14.10%.If rents were raised to market of $612, the measure of investment performance improve to a cap rate of 6.60%.
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Listing information last updated on July 20th, 2019 at 9:56am MDT.