324 Harvard DR SE, Albuquerque, NM 87106
324 Harvard DR SE, Albuquerque, NM 87106
324 Harvard DR SE, Albuquerque, NM 87106
324 Harvard DR SE, Albuquerque, NM 87106
324 Harvard DR SE, Albuquerque, NM 87106
324 Harvard DR SE, Albuquerque, NM 87106
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Mark Rickert

Mark Rickert

+1(505) 616-4663
Listed by NAI SunVista Commercial RE
$ 450,000
Est. payment | /mo

4 Beds

3 Baths

1,662 SqFt

Save
$ 450,000
Est. payment | /mo
Save

4 Beds

3 Baths

1,662 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,662 sqft

Price per Sqft $270

Subdivision University Hts Add

MLS Listing ID 1113847

Bedrooms 4

Construction Status Resale

HOA Y/N No

Year Built 1948

Annual Tax Amount $3,959

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Quadruplex

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.

Location

State NM

County Bernalillo

Area 42 - Unm South

Rooms

Basement Finished

Interior

Heating Radiant

Cooling Evaporative Cooling

Flooring Vinyl, Wood

Fireplace No

Appliance Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator

Exterior

Exterior Feature Landscaping

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101605704710631301

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Mark Rickert

"My job is to provide you with concierge level service and to provide you with incredible service with exceptional results!" 

+1(505) 616-4663

mark@rickertpg.com

150 Washington Ave, Santa Fe, NM 87501, USA

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324 Harvard DR SE