5 on Silver

Multi-Family for Sale
Catylist Listing ID: 30331017
Property Subtypes: High-Rise, Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 2,281 SF
Gross Land Area: 0.11 Acres
Sale Price: $275,000
Unit Price: $55,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,281 SF
Sale Terms: Cash to Seller
Cap Rate: 5.5%
Average Occupancy Rate: 100
Gross Rent Multiplier: 8.18
Last Updated: 9/11/2018

Overview / Comments

NM Apartments Advisor is excited to bring this UNM area triplex to 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%.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Taxing Authority: Bernalillo
Tax ID/APN: 101505723926020601

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,977 114,856 286,869
Median Age: 28.64 36.09 35.93
Households: 7,483 51,432 120,695

Contact

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