For Sale

Listed by Todd Clarke CCIM

Source: eXp Realty #108126562

1100 Palomas Drive Southeast, Albuquerque, NM, 87108

$925,488

2
1
7720 sq. ft.
24393.6 sq. ft.

MultiFam

30+ days on the market

What's around 1100 Palomas Drive Southeast

About this property

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

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