421 Harvard Drive SE Albuquerque, NM 87106
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.
- Property TypeMulti-Family
- NeighborhoodLot 14, Block 4, University Heights Addition
- CountyBernalillo
- Taxes$4,207
- HOA/Condo/Coop Fees$0
- Days on Site302 Days
- MLS StatusPending
- MLS ID Number1040188
- Home Size Source N/A
- Year Built1925
- Lot Size0.16 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction FrameStucco
- Number of Stories 111
- Acreage 0.16
- Zoning R-T*
- Property Sub Type Triplex
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Interior Features
- Cooling Evaporative Cooling
- Heating CentralForced Air
- Appliances Refrigerator
- Flooring Tile
Exterior Features
- Exterior Landscaping
Community Features
- MLS Area 42 - UNM South