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

Looking for more information on 1100 Palomas Drive Southeast?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$250,000
420 Rhode Island St SE
Albuquerque NM 87108
2
1
Multi-Family
Listing courtesy of 360 Ventures Real Estate
For Sale
¤399,900
118 Dallas Street Southeast
Albuquerque NM 87108
2
1
Multi-Family
Listing courtesy of The Maez Group
For Sale
$299,000
Unit A-D/448 Texas Street Northeast
Albuquerque NM 87108
2
1
Multi-Family
Listing courtesy of Coldwell Banker Legacy

Other properties for sale by NM Apartment Advisors, Inc.

For Sale
$1,424,506
808 Ortiz Dr SE
Albuquerque NM 87108
5
3
Multi-Family
Listing courtesy of NM Apartment Advisors, Inc.
For Sale
$522,500
2810 Vail Avenue Southeast
Albuquerque NM 87106
8
4
6
Duplex
Listing courtesy of NM Apartment Advisors, Inc.
For Sale
$522,720
1315 Madeira Drive Southeast
Albuquerque NM 87108
3
2
6
Duplex
Listing courtesy of NM Apartment Advisors, Inc.

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent