517 Silver Avenue SW
Albuquerque, NM 87102
MLS #852276

Multi-family
  • 7units
$650,000
Est. P&I payment: $2482.56/mo
517 Silver Avenue SW, Albuquerque, NM 87102
  • 517 Silver Avenue SW, Albuquerque, NM 87102 Photo 1
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Description for 517 Silver Avenue SW, Albuquerque, NM 87102
With a Walk score of 98, a Transit Score 57, and a Bike Score 92, this is one of the most millennial friendly apartment locations in Albuquerque. Located near 100+ restaurants, 200+ retail businesses one half block from Rapid Ride stop, five blocks from the Rail Runner and within a mile of two grocery stores (one opens Q1-2016).This 100+ year old apartment contains one large 3 bedroom home, 2 small one bedroom one bath units, and 4 studios that share a kitchen and bathroom. The interior oozes history with hardwood floors, exposed brick walls, built-ins, and a claw-foot tub.2015 MAI Appraisal at $650,000.Adjacent property 210-230 6th SW is also available for sale - 8 units for $550,000 - both can be developed in Downtown 2025 plan up to 40 stories.
MLS #852276
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My Notes for MLS #852276

General Features

  • Property Type: C
  • Year Built: 1902
  • Total Number of Buildings: 2
  • Stories: 2
  • Property Sub-Type: 7 Units
  • 5+ Units: Yes
  • Age: 1 - 3
  • Number of Units: 7
  • Lot SqFt: 3,049
  • Zoning: SU-2

Exterior Features

  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 1
  • Unit Type 1: Number of Bedrooms: 3
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Style: Townhouse
  • Unit Type 1: Average SqFt: 2,063
  • Unit Type 2: Number of Units: 2
  • Unit Type 2: Number of Bedrooms: 1
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Average SqFt: 650
  • Unit Type 3: Number of Units: 4
  • Unit Type 3: Style: Shared Studio Rooms
  • Unit Type 3: Average SqFt: 425
  • Unit Summary: Total Units: 7
  • Unit Summary: Average Unit Size: 723
  • Unit Summary: Average Actual Rent: 629
  • Unit Summary: Annualized: 52,800
  • Flooring: Wood

Utility Features

  • Amenities: Some Landscaping
  • Appliances included: Refrigerator,​Self Clean Oven
  • Cooling: 2+Units
  • Heating: 2+ Units
  • Utilities: All City

Financial Features

  • Approximate Taxes: 1,506
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 1,300
  • Unit Type 1: Max Rent: 1,300
  • Unit Type 1: Market Rent: 2,108
  • Unit Type 2: Average Actual Rent: 700
  • Unit Type 2: Max Rent: 700
  • Unit Type 2: Market Rent: 664
  • Unit Type 3: Average Actual Rent: 425
  • Unit Type 3: Max Rent: 425
  • Unit Type 3: Market Rent: 434
  • Unit Summary: Total Actual Rent: 4,400
  • Finance Considered: Cash
  • Owner Pays: Other - See Remarks
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: New Mexico Town Cos Original

Miscellaneous Features

  • Disability Access: Unknown
  • Lead Base Paint: Yes
  • Construction: Brick,​Frame

Location

 
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Directions to 517 Silver Avenue SW, Albuquerque, NM 87102
From I-40 and 6th Street - exit south past Mountain, Lomas and Central stop lights - turn east on Silver to property.From I-25 and Central - exit west on Central, south on 5th Street, west on Silver to property.
The listing information for 517 Silver Avenue SW, Albuquerque, NM 87102 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/25/2018 at 6:41pm
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