1132 Palomas Drive Se, Albuquerque

$949,530

2 Beds
1 Baths
7,646 Sqft
.52 Acres
0 Garages

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.

Essential Information
MLS® #1036059
Price$949,530
Bedrooms2
Bathrooms1.00
Square Footage7,646
Acres0.52
Year Built1958
TypeResidential Income
Sub-TypeMulti Family
StatusActive
Community Information
Address1132 Palomas Drive Se
Area71 - Southeast Heights
SubdivisionVirginia Place
CityAlbuquerque
CountyBernalillo
StateNM
Zip Code87108
Utilities

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Interior
InteriorTile, Vinyl
AppliancesRefrigerator
HeatingWall Furnace
CoolingEvaporative Cooling
# of Stories1
StoriesOne
Exterior
ConstructionBlock, Frame
Additional Information
Date ListedJune 12th, 2023
Days on Market342
Listing Details
OfficeNM Apartment Advisors, Inc.
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Listing information last updated on May 19th, 2024 at 8:15am MDT.