1100 Palomas Drive Southeast

Albuquerque NM 87108

7720 sq. ft.

24393.6 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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

Features

2 bedrooms

1 bathroom

7720 sq. ft. floor area

24393.6 sq. ft. lot size

Multi-Family

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Local market activity for 2 bedroom multi families in Albuquerque

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Todd Clarke CCIM

at NM Apartment Advisors, Inc.

View listing

Sales:: (619) 566-0008

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