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    412 Harvard Drive SE

    Albuquerque, NM 87106
    • $289,736
    • STATUS: Active
    • ON SITE: 128 days
    • MLS #: 983157
    UPDATED: 19 min ago
    $289,736
    • 3
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,450
      SQFT
    • $200
      $/SQFT
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    With a price of $289,736, and an average rent of $1,018, measures of investment performance include a GRM of 11.86, a before reserves cap rate of 6.21% , a cash on cash of 8.56%, and an after tax Internal Rate of Return (IRR) of 14.90%. If rents are raised to the market average of $1,148, measure of investment performance improve to a cap rate of 6.97% and a cash on cash of 11.57%.New windows for front house have been ordered and should be installed mid to late April.

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    IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Keller Williams Realty. Data last updated: 2021-05-09T07:04:57.617.
    www.albuquerquehomefinders.com/homes/112937015
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    412 Harvard Drive SE Albuquerque, NM 87106

    • Price: $289,736
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 983157
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1,450
    SQFT
    $200
    $/SQFT
    1941
    Built
    Neighborhood:
    University Heights Addition
    County:
    Bernalillo
    Area:
    42 - UNM South
    Property Description
    With a price of $289,736, and an average rent of $1,018, measures of investment performance include a GRM of 11.86, a before reserves cap rate of 6.21% , a cash on cash of 8.56%, and an after tax Internal Rate of Return (IRR) of 14.90%. If rents are raised to the market average of $1,148, measure of investment performance improve to a cap rate of 6.97% and a cash on cash of 11.57%.New windows for front house have been ordered and should be installed mid to late April.
    Exterior Features

    Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 2 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring CarpetWood Heating CentralForced Air Heating YN Yes

    Property Features

    Builder Name Unknown Building Area Total 1450 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 21411 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 14623 Property Condition Resale Property Sub Type Duplex Property Sub Type Additional Duplex Tax Annual Amount 3266 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-T*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


    IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Keller Williams Realty. Data last updated: 2021-05-09T07:04:57.617.
     
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    Keller Williams Realty
    6703 Academy Road NE
    Albuquerque NM, 87109