BEDS4
BATHS
SQUARE FEET1,662
MLS#1113847
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONUniversity Hts Add
Property Description
UNM Value-Add 4-Plex Investment | Great Owner-Occupant Opportunity!324 Harvard Dr. SE presents an attractive value-add multifamily investment opportunity in Albuquerque's highly desirable University Heights neighborhood. This 4-unit property features a unique layout consisting of a spacious 2-bedroom, 1-bathroom main house with an attached 1-bedroom casita and a freestanding duplex comprised of two additional 1-bedroom units. With current rents below market rates, the property offers approximately 28% potential rental income upside and a projected 6.31% pro forma cap rate. Additional amenities include onsite parking, exterior storage closets, and onsite laundry facilities. Conveniently located near UNM, CNM, major hospitals, and Downtown Albuquerque, this property offers an excellent opportunity for investors seeking rental income growth or owner-occupants looking to offset their housing expenses with additional rental income.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Cooling: Evaporative Cooling
Heating: Radiant
Lot Size: 0.16 Acres
Stories: 1.0
Taxes: $3,959
Year Built: 1948
Amenities
Landscaping
Feature Descriptions
Appliances: Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
Flooring: Vinyl, Wood
Parcel#: 101605704710631301
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NAI SunVista Commercial RE
Agency Phone: (505) 878-0001
Shown By
Agent Name: Dee Dee Hendrick
Agent Phone: (505) 270-0672
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 1,462.67 per month $1,001.50 Principal & Interest $329.92 Property Tax $131.25 Homeowner's Insurance
324 Harvard Drive Se | MLS# 1113847
This multi-family property located at 324 Harvard Drive Se, Albuquerque, NM 87106 is currently listed for sale with an asking price of $450,000. Search Albuquerque real estate on dhendrick.cblegacy.com today.