Located just 1 block to UNM's main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. 87 Walk Score. 85 Bike Score. This pride of ownership property has been updated and customized to our city's growing demand for executive, furnished rentals. The current owner has fashioned the property into 2 distinct, very accommodating furnished 1 bedroom units w/ a detached 2 bedroom casita that makes for the perfect owner occupant house hack. All units have been refurbished and updated with an eye for quality and pragmatism and furnished with quality contemporary design.Measures of investment performance at ask price of $590,594 and current average rent of $1,665 are a GRM of 10.37, a 7.65% cap rate, $196,865 per unit, $262.49/sf.
- Price:
- $590,594
- Bedrooms:
- 1
- Square Footage:
- 2,250
- Acreage:
- 0.15
- Year Built:
- 1946
- Listing ID #:
- 1028236
- Street Address:
- 1720 Silver Ave SE
- City:
- Albuquerque
- State:
- New Mexico
- Postal Code:
- 87106
- County:
- Bernalillo
- Community:
- 42 - Unm South
- Subdivision:
- Terrace Addition
- Listing Status:
- Active
- Listing Type:
- Residential Income
- Approximate Total Liveable Area:
- 2250
- Building Condition:
- Resale
- Construction Description:
- Block, Frame
- Flooring:
- Wood
- Number Of Floors In Unit:
- One
- Number Of Units:
- 3
- Stories:
- 1
- Stories:
- 1
- Total # Of Buildings:
- 2
- Total Building Square Footage:
- 2250
- Year Built:
- 1946
- Year Built Description:
- 61 - 70
- Gross Income:
- 56943
- Operating Expense:
- 11744
- Approximate Lot Size Range Source:
- Public Records
- Lot Square Footage:
- 6534
- Zoning Description:
- R-T*
- Days On Market:
- 65
- On Market Date:
- 2023-01-18
- Originating Mls:
- Swmls
- Property Disclosures:
- Lead Based Paint Disclosure, Ranm2100disclosure
- Terms:
- Cash, Fha, Valoan
- Property Taxes:
- $3,970
- Tenant Pays:
- Other, See Remarks
- Appliances:
- Refrigerator
- Cooling System:
- Central Air
- Has Central Air Conditioning:
- Yes
- Heating:
- Central, Forced Air
- Utilities:
- Electricity Available, Natural Gas Connected, Sewer Available, Water Connected
- Unit 1 Description:
- 1718 Furnished
- Unit 1 Monthly Rent:
- 1600
- Unit 1 Total Bathrooms:
- 1
- Unit 1 Total Bedrooms:
- 1
- Unit 2 Description:
- 1720 Furnished
- Unit 2 Monthly Rent:
- 1395
- Unit 2 Total Bathrooms:
- 1
- Unit 2 Total Bedrooms:
- 1
- Unit 3 Description:
- Owners Unit
- Unit 3 Monthly Rent:
- 2000
- Unit 3 Total Bathrooms:
- 1
- Unit 3 Total Bedrooms:
- 2
- Unit 3 Type:
- Managersunit
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Todd D Clarke with NM Apartment Advisors
