About 1132 Palomas Drive Se
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.
Features of 1132 Palomas Drive Se
| MLS® # | 1036059 |
|---|---|
| Price | $949,530 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 7,646 |
| Acres | 0.52 |
| Year Built | 1958 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1132 Palomas Drive Se |
|---|---|
| Area | 71 - Southeast Heights |
| Subdivision | Virginia Place |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87108 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile, Vinyl |
|---|---|
| Appliances | Refrigerator |
| Heating | Wall Furnace |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Construction | Block, Frame |
|---|
Additional Information
| Date Listed | June 12th, 2023 |
|---|---|
| Days on Market | 321 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|