Listed By NM Apartment Advisors, Inc., Todd D Clarke
1100 PALOMAS DR SE Albuquerque, NM 87108
$925,488
2
Bedrooms
1
Total Baths
—
Full Baths
7,720
Square Feet
0.56
Acres
1955
Year Built
Active
Status
MLS#
1033316
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
Details for 1100 PALOMAS DR SE
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office NM Apartment Advisors, Inc., (505) 440-8633
MLS# 1033316
Updated 11:56AM - 4/30/2024
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