12 unique 1 bedroom apartments spread over three separate buildings with secured common entry and well-preserved mid-century modern style. Well-apportioned, accommodating floor plans with hardwood floors, built-ins, and fantastic natural light are complimented by beautiful common area gardens, creating a lush and private community atmosphere. Units are separately metered for gas and electric. Owner pays for hot water & water / sewer / garbage.The owner has asked that we get this property moved at the ask price of $1,212,000 which is well below the comparable sales at $1,302,832.At the ask price of $1,212,000 and an average rent of $806 measure of investment performance include a GRM of 10.44, a Cap rate of 5.93% and an after tax IRR 15.8%.
Sold on 01/08/24
Price Unknown
1404 Silver Ave SW, Albuquerque, NM 87104
1beds
1baths
6,000sqft
Multi Family
Built in 1949
-- sqft lot
$-- Zestimate®
$--/sqft
$1,163 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,163/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 08, 2024 at 04:06pm
Listed by:
Todd D Clarke 505-440-8633,
NM Apartment Advisors, Inc.,
Kyle E Deacon 505-878-0100,
Deacon Property Services
Bought with:
Nonmls Nonmls
Non Member of SWMLS
Source: SWMLS,MLS#: 1042174
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Wall Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Refrigerator
Features
- Flooring: Vinyl, Wood
- Has basement: No
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Landscaping
Lot
- Size: 0.33 Acres
Details
- Has additional parcels: Yes
- Parcel number: 101305732540612003
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1949
Utilities & green energy
- Electric: None
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Location
- Region: Albuquerque
- Subdivision: Huning Castle Addition
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 1/8/2024 | Sold | -- |
Source:  SWMLS #1042174 | ||
| 12/14/2023 | Pending sale | $1,212,000$202/sqft |
Source: SWMLS #1042174 | ||
| 12/5/2023 | Listed for sale | $1,212,000$202/sqft |
Source: SWMLS #1042174 | ||
| 10/18/2023 | Pending sale | $1,212,000$202/sqft |
Source: SWMLS #1042174 | ||
| 9/27/2023 | Listed for sale | $1,212,000$202/sqft |
Source: SWMLS #1042174 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,288 +1.9% | $109,575 +3% |
| 2023 | $5,192 +5.6% | $106,383 +3% |
| 2022 | $4,917 +3.4% | $103,285 +3% |
Find assessor info on the county website
Neighborhood: Huning Castle
Nearby schools
GreatSchools rating
- 6/10Lew Wallace Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 0.2 mi
- 3/10Albuquerque High SchoolGrades: 9-12Distance: 1.9 mi