313 Harvard Drive SE, Albuquerque, NM 87106
$351,000
Property Type:
Residential Income
Square Footage:
2,631
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$351,000
List Date:
1/30/2024
Last Modified:
3/19/2024
Description
Located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 87 Walk Score, 87 Bike Score and a transit score of 42, 313 Harvard SE is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.
The property consists of a 94 year old house and apartment unit The house is large with 1,137 square feet, in a 3 bedroom, 1.75 bathroom configuration, and that does not include the basement area.
Measures of investment performance at ask price of $351,000 and current average rent of 1,200 are a GRM of 12.19, a 5.76% cap rate, $175,000 per unit, $226.45/sf. Eleven recent closed or pending sales indicate a value closet to $351,867.
More Information MLS# 1055195
Status Change Info
Pending Date: 2024-02-08
Closing Date: 2024-03-19
Contract Information
Listing Price: 351000
Current Price: $351,000
List Price/SqFt: 133.41
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 313
Street Name: Harvard
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 3524
Geo Lat: 35.076326
Geo Lon: -106.621164
Area: 42 - UNM South
Zone Atlas: K16
City/County Data
UPC Code: 101605702513231207
Subdivision: University Heights Addition
General Property Description
# of Units: 2
5+ Units: No
Property Sub-Type: Duplex
Apx Structured SqFt: 2631
Lot Size Source: On-Line
Acres: 0.17
Lot SqFt: 7405.2
Directions: From I-25 and Coal east to Harvard, north to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 2
Year Built: 1930
Year Built Source: Public Records
Age: 81 - 99
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2525.64
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 25650
Operating Expenses: 7027
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 1.75
Approx. SqFt: 1137
Actual Rent: 1650
Max Rent: 1650
Market Rent: 1800
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 413
Actual Rent: 600
Max Rent: 750
Market Rent: 895
Unit Summary
Total Units: 2
Average Unit Size: 775
Average Actual Rent: 1125
Annualized: 27000
Total Actual Rent: 2250
Property Features
Construction: Block; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Tile; Vinyl; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 1 Garage
Roof: Flat
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-ML*
Documents
LO SO Letter to Buyers, Buyers Broker ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: March - 19 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.