Catylist ID:
#30622946
| Catylist Listing ID: | 30622946 |
| Property Subtypes: | Duplex/Fourplex |
| Number of Units: | 2 Units |
| Building Size (RSF): | 1,450 SF |
| Gross Land Area: | 0.16 Acres |
| Sale Price: | $289,736 |
| Unit Price: | $144,868 Per Unit |
| Property Use Type: | Investment |
| Usable Size (USF): | 1,450 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.6% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 4/20/2021 |
Overview / Comments
|
Amazing duplex near UNM and CNM located at 412 Harvard SE– priced well below market comparable sales and ready to move! This property is packaged for a fast, smooth and easy transaction – the flyer contains rent roll summary, APOD, 5 year internal rate of return projection, comparable sales, property management info, inspection summary, financing quote, photos, floorplans, and update on the impact of the Corona-Virus on the apartment investment marketplace. Register for the confidential information at www.nmapartment.com/412harvard. 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%. Located just south of the world famous Bricklight district, and the locally famous El Patio Diner, this two unit property is a potential dream for any value ad buyer. Chip and Joanna fans this is the property for you as the Main House has wall to wall shiplap! 3 bed 2 bath with gleaming hardwood and laminate floors throughout, attractive built-in shelving, ceiling fans solar tubes, and lots of windows for great natural light. One bedroom casita features an open floor plan with stained concrete floors throughout, a long private driveway with drive-thru gates, and plenty of private yard space. Whether you need to be close to UNM or CNM - both are a short walk away from their central campuses. 25 page flyer can be found at http://www.nmapartment.com/apt/NMAA-harvard412SE.pdf Virtual tours of the units at: 412 – www.nmapartment.com/412harv3d1 412-1 – www.nmapartment.com/412harv3d2 University apartments generally sell fast to parents of University students – do not wait on this one! Two updates: 1. Resident in the front house is relocating by 4/1/2021 2. Owner has authorized window upgrades of front house 14 new windows totaling $71,73.69 |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | University |
| Taxing Authority: | Bernalillo |
| Tax ID/APN: | 101605704706930618 |
| Percent Occupied: | 100% |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,507 | 107,213 | 277,168 |
| Median Age: | 29.92 | 35.87 | 36.33 |
| Households: | 7,921 | 48,561 | 117,036 |
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