Catylist ID: #30331017
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|
|Unit Price:||$55,000 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||2,281 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||8.18|
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%.
Attachments & Media
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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