1132 Palomas Drive Se Albuquerque, NM 87108

10 Units
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$880,000 Est. $3,240 / mo.*
Details Directions
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Property Type: Multifamily
Status: Pending
Year Built: 1958
Days on Website: 115

Courtesy of R1 Commercial.

Description

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.

Open House

Property Details and Features

  • Description: FreeStandingElectricRange,Refrigerator
  • Total Bathrooms: 2
  • Construction Materials: Frame,Stucco
  • Levels: One
  • Year Built: 1958
  • Details: EvaporativeCooling,CeilingFans
  • Flooring: Laminate,Tile,Vinyl
  • Heating: Central,ForcedAir
  • Description: WasherHookup,DryerHookup,ElectricDryerHookup,InUnit
  • Days on Market: 61
  • Listing Price: 880000
  • Status: Pending
  • Address: 1132 Palomas Drive SE
  • Area: 71 - Southeast Heights
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Directions: google
  • Acres: 0.56
  • Size: 0
  • Size Source: Estimated
  • Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,WaterConnected

Location

$880,000 - 1132 Palomas Drive Se, Albuquerque, NM 87108
1132 Palomas Drive Se Albuquerque, NM 87108
Address: 1132 Palomas Drive SE

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