1100 Palomas Drive SE Albuquerque, NM 87108
The prior owner remodeled the property with a new TPO roof, new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.Measures of investment performance at ask price of $925, 488 and current average rent of $806 are a GRM of 9.57, a 5.97% cap rate, $92, 549 per unit, $119.88/sf. If rents are raised to the market of $950, the measures of investment performance improve to a cap rate of 7.41%.Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which has just completed construction of a new office building a few blocks away
- Property TypeMulti-Family
- NeighborhoodLots 1, 2 & 3 Block 12, Virginia Addition
- CountyBernalillo
- Taxes$5,586
- HOA/Condo/Coop Fees$0
- Days on Site416 Days
- MLS StatusActive
- MLS ID Number1033316
- Home Size Source N/A
- Year Built1955
- Lot Size0.56 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 1100 Palomas Drive SE Albuquerque, NM 87108
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| a year ago |
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General Features
- Number of Stories 111
- Acreage 0.56
- Zoning R-MH*
- Property Sub Type Multi Family
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Interior Features
- Cooling Central Air
- Heating CentralForced Air
- Appliances Refrigerator
- Flooring Vinyl
Exterior Features
- Exterior Landscaping
Community Features
- MLS Area 71 - Southeast Heights