Skip To Content

1132 Palomas Drive SE

Albuquerque, NM 87108
  • $949,530
  • STATUS: Active
  • ON SITE: 343 Days
  • MLS #: 1036059
UPDATED: 117 min ago
$949,530
  • 2
    BEDS
  • 0.52
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 7,646
    SQFT
  • $124
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

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.

Monthly Payment Calculator



IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Team | Realty Executives Advantage. Data last updated: 2024-05-21T18:05:09.35.
www.trtnm.com/homes/140511973
Print Image

1132 Palomas Drive SE Albuquerque, NM 87108

  • Price: $949,530
  • Status: Active
  • On Site: 343 Days
  • Updated: 117 min ago
  • MLS #: 1036059
2
Beds
1
Baths
0
½ Baths
0.52
Acres
7,646
SQFT
$124
$/SQFT
1958
Built
Neighborhood:
Virginia Place
County:
Bernalillo
Area:
71 - Southeast Heights
Property 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.
Exterior Features

Construction Materials Block Frame Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Tile Vinyl Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 7646 Gross Income 92620 Listing Agreement Exclusive Agency Listing Terms Cash Conventional New Construction YN No Operating Expense 37547 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 5677.56 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Team | Realty Executives Advantage. Data last updated: 2024-05-21T18:05:09.35.
 
https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1036059-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1036059-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1036059-2.jpg
Logo
The Team | Realty Executives Advantage
2440 Lousiana Blvd
Albuquerque NM, 87110