Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
$532,190
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421 Harvard Drive Albuquerque, NM 87106
Triplex
Residence
1
Beds
1
Baths
1,856
Sq. Ft.
0.16
Acre
Lot
Property Activity
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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, meanderi...ng 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 $532,190 and current average rent of $1,255 are a GRM of 12.14, a 5.89% cap rate, $177,397 per unit, 286/sf and an after tax IRR of 13.8%. 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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MLS#
1040188
Property Type
Triplex
Bedrooms
1
Bathrooms
Year Built
1925
Square Feet
1,856
sq. ft
Lot Size
0.16
Sewer
Sewer Connected
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