1132 Palomas Drive Se Albuquerque, NM 87108

10 Units
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$949,530 Est. $3,377 / mo.*
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Property Type: Multifamily
Status: Active
Year Built: 1958
Neighborhood: Virginia Place
Days on Website: 325

Courtesy of NM Apartment Advisors, Inc..

Description

10 unit, recently renovated community which is located near the new Max-Q mixed-use development.Measures of investment performance at ask price of $949,530 and current average rent of $808 are a GRM of 9.79, a 6.04% cap rate, $94,530 per unit, $124.19/sf. If rents are raised to the market of $925, the measures of investment performance improve to a cap rate of 7.14%.10 additional units available on opposite end of the block.The property is located jus a couple of blocks away from the new, under construction headquarters for the Albuquerque Community Safety (ACS), a new city department dedicated to helping the homeless that responds to 911 calls for mental health, substance use, and homelessness issues.

Open House

Property Details and Features

  • Description: Refrigerator
  • Total Bathrooms: 2
  • Area: 7646
  • Building Area: 7646
  • Construction Materials: Block,Frame
  • Levels: One
  • Year Built: 1958
  • Details: EvaporativeCooling
  • Flooring: Tile,Vinyl
  • Heating: WallFurnace
  • Days on Market: 270
  • Listing Price: 949530
  • Status: Active
  • Address: 1132 Palomas Drive SE
  • Area: 71 - Southeast Heights
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Subdivision: Virginia Place
  • Directions: From I-25 and Gibson, east to Palomas, north to property.
  • Acres: 0.52
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$949,530 - 1132 Palomas Drive Se, Albuquerque, NM 87108
1132 Palomas Drive Se Albuquerque, NM 87108
Address: 1132 Palomas Drive SE

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