Property Status: currently under best and final round with multiple offers.NM Apartment Advisors is excited to bring to market a duplex + fourplex and garage at 201 Girard SE. This property has really high walk (86), bike (94), and transit (52) scores and its no surprise given its location is just 300 steps from UNM and the west gateway to Nob-Hill.This property contains a duplex that faces Girard, and four units that face Silver (2814-2816) with a single car garage.Measures of investment performance at ask price of $377,500 and current average rent of $533 are a GRM of 9.83, a 6.00% cap rate, $62,917 per unit, $103.99/sf and a before tax IRR of 12.10%.If rents are raised to market average of $691, measures of investment performance increase to a GRM of 7.59, a 8.20% cap
Listing courtesy of NM Apartment Advisors, Inc..
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