1100 Alvarado Drive Se Albuquerque, NM 87108

6 Units
 Print
$599,000 Est. $2,206 / mo.*
Details Directions
 Print
Property Type: Other
Status: Active
Year Built: 1965
Neighborhood: Moana Condo Complex
Days on Website: 3

Courtesy of Beach Realty.

Description

Investment package: Six updated condos in the 3-story, 42-unit gated Moana Condo Complex in SE Albuquerque near Kirtland AFB & Sandia Labs. Includes three 2BR/2BA, one 2BR/1BA, and two 1BR/1BA units. Secured parking in gated lot for 5 of the 6 condo units. Condo dues vary by size and cover exterior maintenance, exterior utilities (gas, water, sewer, trash), and exterior insurance; owner pays interior electric and taxes. Complex includes a pool. Fully leased; all units on leases with deposits in place. Current gross $81,888; NOI $40,065 (6.69% cap). Market rents project gross $98,352; NOI $51,053 (8.52% cap). Package sale only. Offers contingent on buyer's visual inspection within 72 hours of offer acceptance; proof of funds required on all offers. No sign or lockbox at property.

Open House

Property Details and Features

  • FreeStandingElectricRange
  • Refrigerator
  • 2 total bathrooms
  • 2 total bedrooms
  • Built in 1965
  • Living area: 5053.0
  • 2 buildings
  • 3 stories
  • Levels: One
  • Construction Materials: Brick, Concrete
  • Gated
  • Pool
  • Refrigerated
  • LeadBasedPaintDisclosure
  • PrincipalIsRealEstateLicensed
  • Ranm2100Disclosure
  • None
  • Energy Generation: None
  • Operating: $37,728
  • Landscaping
  • Lighting
  • SeeRemarks
  • Central
  • ForcedAir
  • HotWater
  • Gross Income: $81,888
  • Listing ID: 1098466
  • Standard Status: Active
  • MLS Status: Active
  • On market as of 2026-02-17
  • 3 days on market
  • Subdivision: MOANA CONDO COMPLEX
  • MLS Area (Major): 71 - Southeast Heights
  • County/Parish: Bernalillo
  • AssociationFees
  • CommonAreaMaintenance
  • Gas
  • Sewer
  • TrashCollection
  • Water
  • 5 total parking spaces
  • Community
  • Resale
  • ComplexFenced
  • Parcel Number: 00000000000000
  • Annual Amount: $4,474
  • Zoning description: R-MH*
  • Electricity
  • CableAvailable
  • ElectricityConnected
  • NaturalGasConnected
  • SewerConnected
  • WaterConnected

Location

$599,000 - 1100 Alvarado Drive Se, Albuquerque, NM 87108
1100 Alvarado Drive Se Albuquerque, NM 87108
Subdivision: MOANA CONDO COMPLEX

Street View

Nearby Schools

Recent Sales in the Area

Similar Properties Nearby