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NM Apartment Advisors is excited to bring to market 420 Columbia SE - the front house has been split into two units and the back portion of the property are townhouse style triplex units.The property is walking distance to UNM and CNM, and has good walk (75), bike (93), and transit (46) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents).At the ask price of $500,000 and an average rent of $777 the measure of investment performance include a GRM of 10.73, a CAP rate of 5.39%, a price per unit of $100,000, a price per square foot of $132.80 and an after-tax IRR of 11.70%.If the average rent is raised to market of $820,measures of investment performance improve to a GRM of 10.16, and a Cap rate of 5.83%.
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Listing information last updated on May 30th, 2020 at 11:30am MDT.