421 Harvard Drive SE, Albuquerque, NM 87106
$556,936
Property Type:
Residential Income
Square Footage:
1,856
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$556,936
List Date:
10/27/2023
Last Modified:
3/30/2024
Description
Units are separately metered - gas and electric. Units A and B share a private, recently updated laundry room. 421 ½ 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.
More Information MLS# 1040188
Contract Information
Listing Price: 556936
Current Price: $556,936
List Price/SqFt: 300.07
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 421
Street Name: Harvard
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 5507
Geo Lat: 35.074115
Geo Lon: -106.621197
Area: 42 - UNM South
Zone Atlas: K16
City/County Data
UPC Code: 101605702504430503
Subdivision: Lot 14, Block 4, University Heights Addition
General Property Description
# of Units: 3
5+ Units: No
Units for Sale: 3
Property Sub-Type: Triplex
Apx Structured SqFt: 1856
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: From I-25 and Coal, east to Harvard, south to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built: 1925
Age: 81 - 99
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 4207.5
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 43010
Operating Expenses: 11443
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 623
Actual Rent: 1245
Max Rent: 1250
Market Rent: 1275
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 623
Actual Rent: 1250
Max Rent: 1250
Market Rent: 1300
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 610
Actual Rent: 1250
Max Rent: 1250
Market Rent: 1300
Unit Summary
Total Units: 3
Average Unit Size: 618.66
Average Actual Rent: 1248.33
Annualized: 44940
Total Actual Rent: 3745
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Tile
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Other - See Remarks
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Other Parking
Roof: Flat
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-T*
Documents
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: March - 30 - 2024
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