Pending

Listed by Todd Clarke and Kyle Deacon from NM Apartment Advisors, Inc.

Source: Southwest MLS #1040188

421 Harvard Drive Southeast, Albuquerque, NM, 87106

$532,190

1
1
1856 sq. ft.
6969.6 sq. ft.

Duplex

•

30+ days on the market

What's around 421 Harvard Drive Southeast

About this property

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 $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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