Listed By NM Apartment Advisors, Inc., Todd D Clarke
1132 PALOMAS DR SE Albuquerque, NM 87108
$949,530
2
Bedrooms
1
Total Baths
—
Full Baths
7,646
Square Feet
0.52
Acres
1958
Year Built
Active
Status
MLS#
1036059
10 unit, recently renovated community which is located near the new Max-Q mixed-use development.Measures of investment performance at ask price of $949,530 and current average rent of $808 are a GRM of 9.79, a 6.04% cap rate, $94,530 per unit, $124.19/sf. If rents are raised to the market of $925, the measures of investment performance improve to a cap rate of 7.14%.10 additional units available on opposite end of the block.The property is located jus a couple of blocks away from the new, under construction headquarters for the Albuquerque Community Safety (ACS), a new city department dedicated to helping the homeless that responds to 911 calls for mental health, substance use, and homelessness issues.
Details for 1132 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# 1036059
Updated 7:55AM - 4/30/2024
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