1028 Alvarado Drive SE Albuquerque, NM ^$ 1,250,000

1028 Alvarado Drive SE

^$ 1,250,000

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1028 Alvarado Drive SE

Albuquerque, NM, 87108

^$ 1,250,000

Bedrooms1 Baths1.0

Monthly Estimate*

^$ 8,732

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Multi-Family Home for sale in Albuquerque, NM

for $1,250,000 with 1 bedroom and 1 full bath. This home was built in 1955 on a lot size of 0.37.

SELLER FINANCING:5 year call, 5% interest, 30 year amortization, 15% down payment.12 unit apartment complex for sale! This multifamily property is settled in one of Albuquerque's up and coming neighborhoods: South San Pedro. Significant investor activity has lead to improving properties all throughout the area which helps to increase rent and tenant basis. This property offers off-street tenant parking and backyards. Property consists of 8 rehabbed units, newer windows, roof, electric panels, exterior paint, all new AC units, and some newer wall heaters as well.

Multi-Family Active

Price

^$ 1,250,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,600

Style

MultiFamily

Lot Size

0.37

Year Built

1955

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1058187

Features

General

Heating WallFurnace

Cooling EvaporativeCooling

Utilities ElectricityAvailable NaturalGasAvailable SewerConnected WaterAvailable WaterConnected

Appliances Refrigerator RangeHood

Exterior Features Landscaping Lighting

Construction Materials Brick Frame

Year Built 1955

Tenant Pays Electricity Gas Water

Stories 1

Levels One

Property SubType MultiFamily

County Bernalillo

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Green Energy Generation None

Status Active

Directions Google maps.

City Albuquerque

Buyer Agent Compensation 2%

Disclosures LeadBasedPaintDisclosure RANM2100Disclosure

View Y/N N

Senior Community Y/N N

Zoning Description MX-M*

Total Units 12

MLS Area 71 - Southeast Heights

Lot Size Square Feet 16117.2

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Alvarado

Listing Terms Cash Conventional OwnerMayCarry

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 3600.78

Home Warranty Y/N N

Property Condition Resale

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 52

Builder Name Unkown

Standard Status Active

Interior

Flooring Carpet Tile

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Drive

Total Bedrooms 1

Electric On Property Y/N N

Total Baths 1

Exterior

Number of Buildings 2

Spa N

Lot Size Acres 0.37

Lot Size Source PublicRecords

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

* Excluded Features

List By

Trey Whaley

Listing Agent

Rhino Realty Property Mgmt Llc

Broker

Trey@rhinorentalsnm.com

Affordability Calculator

$9,032

Per Month

Monthly Principal & Interest: $8,732
Monthly Property Taxes: $300
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Albuquerque, NM

Average List Price ^$702,876

Percent of Sale Price 44%

About Albuquerque, NM

565,162 Population

25% Since 2002

^$49,805 Median Income

36.92 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

537023 Elementary School

537125 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/5/2024	$1,250,000		Listed Price

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1028 Alvarado Drive SE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $1,250,000 with a lot size of 0.37. 1028 Alvarado Drive SE has 1 bedrooms, 1.0 baths, and was built in 1955. The property's zip code is 87108 which is in Albuquerque, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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1028 Alvarado Drive SE

Multi-Family Home for sale in Albuquerque, NM

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