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421 Harvard Drive SE

Albuquerque, NM 87106
  • $556,936
  • STATUS: Active
  • ON SITE: 275 Days
  • MLS #: 1040188
UPDATED: 127 min ago
$556,936
  • 1
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,856
    SQFT
  • $300
    $/SQFT
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

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 $556,936 and current average rent of $1,232 are a GRM of 12.95, a 5.67% cap rate, $183,645 per unit, $300/sf. 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.

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IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2024-05-24T20:05:32.537.
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421 Harvard Drive SE Albuquerque, NM 87106

  • Price: $556,936
  • Status: Active
  • On Site: 275 Days
  • Updated: 127 min ago
  • MLS #: 1040188
1
Beds
1
Baths
0
½ Baths
0.16
Acres
1,856
SQFT
$300
$/SQFT
1925
Built
Neighborhood:
Lot 14, Block 4, University Heights Addition
County:
Bernalillo
Area:
42 - UNM South
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 $556,936 and current average rent of $1,232 are a GRM of 12.95, a 5.67% cap rate, $183,645 per unit, $300/sf. 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.
Exterior Features

Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Tile Heating Central Forced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 1856 Green Energy Generation None Gross Income 43010 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional FHA VALoan New Construction YN No Occupant Type Owner Operating Expense 11443 Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 4207.5 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- T*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2024-05-24T20:05:32.537.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109