421 Harvard DR SE Pending Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87106
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,856 sqft
Price per Sqft $286
Subdivision Lot 14, Block 4, University Heights Addition
MLS Listing ID 1040188
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1925
Annual Tax Amount $4,207
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Sub-Type Triplex
Property Description
Units are separately metered - gas and electric. Units A and B share a private, recently updated laundry room. 421 1/2 has its own washer / dryer. Residents love the romantic atmosphere and artisan work around every corner - stained glass accents, custom wood work, built-ins, Talavera tile, meandering pathways, and extensive garden areas. Top UNM market rents come easily with plenty of room for simple value add.Measures of investment performance at ask price of $532,190 and current average rent of $1,255 are a GRM of 12.14, a 5.89% cap rate, $177,397 per unit, 286/sf and an after tax IRR of 13.8%. Properties like this, in a market where amazing job growth from all of the new Netflix, Facebook, Intel and Amazon jobs, go quickly. Do not wait as you will be honored to own this one
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Tile
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101605702504430503
Acceptable Financing Cash,Conventional,FHA,VA Loan
Green/Energy Cert None
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://www.nmapartment.com/421harvard3d