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1132 Palomas Drive Southeast

Albuquerque NM 87108

2
1
24393.6 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Presenting 1132 Palomas SE, a prime investment opportunity you won't want to miss! This well-priced 10-unit property offers a great mix of 2-bedroom, 1-bathroom units, each featuring in-unit washer and dryer hookups. Most of the units have been thoughtfully updated, enhancing their appeal and ensuring tenant satisfaction.With an impressive in-place 7% cap rate and a current 6% cash-on-cash return, this property is already delivering strong financial performance. However, there's significant potential for even more upside. The property is well-positioned for rent growth, with the possibility to increase revenue through strategic updates and enhancements. Whether you're looking to make targeted improvements or capitalize on the area's rising demand, 1132 Palomas SE offers great value-add.

Features

2 bedrooms
1 bathroom
24393.6 sq. ft. lot size
Multi-Family

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Local market activity for 2 bedroom multi families in Albuquerque

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