421 Harvard DR SE Pending

Albuquerque,NM 87106

$ 556936

1 Bed

1 Bath

1856 SqFt


Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,856 sqft

Price per Sqft $300

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 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.

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

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