Catylist ID: #30622946
Multi-Family for Sale
|Catylist Listing ID:||30622946|
|Number of Units:||2 Units|
|Building Size (RSF):||1,450 SF|
|Gross Land Area:||0.16 Acres|
|Unit Price:||$144,868 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||1,450 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
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!
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
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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