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1132 Palomas Drive SE Albuquerque, NM $ 949,530
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$ 949,530 Get more info
1132 Palomas Drive SE
$ 949,530
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1132 Palomas Drive SE

Albuquerque, NM, 87108
$ 949,530
Bedrooms2 Baths1.0 Sq 7,646

Monthly Estimate*

$ 6,633

1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 1
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 2
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 3
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 4
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 5
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1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 7
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 8
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 9
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 10
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 11
1132 Palomas Drive SE, Albuquerque, NM 87108 - Image 12

Multi-Family Home for sale in Albuquerque, NM

for $949,530 with 2 bedrooms and 1 full bath. This 7,646 square foot home was built in 1958 on a lot size of 0.52.

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.

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Multi-Family Active

Price

$ 949,530

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 5,677

Style

MultiFamily

Lot Size

0.52

Year Built

1958

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1036059
Features
General
Heating WallFurnace
Cooling EvaporativeCooling
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Appliances Refrigerator
Construction Materials Block Frame
Year Built 1958
Electric None
Tenant Pays Other SeeRemarks
Stories 1
Levels One
Property SubType MultiFamily
Gross Income 92620.0
County Bernalillo
Operating Expense 37547.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Virginia Place
Garage Y/N N
Status Active
Directions From I-25 and Gibson east to Palomas north to property.
City Albuquerque
Buyer Agent Compensation 3.0%
Disclosures LeadBasedPaintDisclosure RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description R-MH*
Total Units 10
MLS Area 71 - Southeast Heights
Lot Size Square Feet 22651.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Palomas
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 5677.56
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 270
Builder Name Unknown
Standard Status Active
Legal Description Lots 8 9 & 10 Block 12 Virginia Place
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Interior
Flooring Tile Vinyl
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Drive
Total Bedrooms 2
Electric On Property Y/N N
Total Baths 1
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Exterior
Number of Buildings 3
Spa N
Building Area Total 7646.0
Lot Size Acres 0.52
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Todd Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$7,106
Per Month
93%
7%
0%
Monthly Principal & Interest
$6,633
Monthly Property Taxes
$473
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/13/2023$949,530 Listed Price

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1132 Palomas Drive SE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $949,530 with 7,646 sqft and a lot size of 0.52. 1132 Palomas Drive SE has 2 bedrooms, 1.0 baths, and was built in 1958. The property's zip code is 87108 which is in Albuquerque, NM

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