517 Palomas Drive Se Albuquerque, NM 87108

4 Units
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$444,900 Est. $1,638 / mo.*
Details Directions
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Property Type: Quadruplex
Status: Active
Year Built: 1963
Days on Website: 2

Courtesy of Congress Realty, Inc.

Description

4 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and can be sold together for a combined $900,000. Consist of 2B/1B x2 units & 1B/1B x2 units. This well-maintained 4-unit portfolio is located in a strong rental area and features low-maintenance brick construction with secured gated parking. Units have been updated with new appliances, in-unit washers and dryers, fresh paint, upgraded plumbing, new furnaces, a swamp cooler, enhanced security gates, and a 2017 roof. With one unit currently vacant, investors have the option to capture immediate upside at market rent or to leverage a house-hack model by occupying a unit while collecting income from the others.

Open House

Property Details and Features

  • Description: Dryer,Disposal,Refrigerator,RangeHood,Washer
  • Total Bathrooms: 2
  • Area: 3080
  • Building Area: 3080
  • Construction Materials: Brick,BrickVeneer
  • Levels: One
  • Year Built: 1963
  • Details: EvaporativeCooling,CeilingFans
  • Features: Lighting
  • Flooring: Tile
  • Heating: Central,ForcedAir
  • Description: WasherHookup,DryerHookup,ElectricDryerHookup,InUnit
  • Days on Market: 0
  • Listing Price: 444900
  • Status: Active
  • Address: 517 PALOMAS Drive SE
  • Area: 71 - Southeast Heights
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Directions: At Central and San Mateo intersection go south on San Mateo until you reach Zuni. Turn left (east) on Zuni. Take a right (south) on Palomas Dr. The property will be on the right hand side.
  • Acres: 0.15
  • Size: 0
  • Size Source: Appraiser
  • Parking Total: 4
  • Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$444,900 - 517 Palomas Drive Se, Albuquerque, NM 87108
517 Palomas Drive Se Albuquerque, NM 87108
Address: 517 PALOMAS Drive SE

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