Homes for sale - 1132 Palomas DR SE, Albuquerque, NM 87108

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Amber Ortega

amber@findmynmhome.com +1(505) 550-9698

Listed by R1 Commercial

$ 880,000

Est. payment | -/mo

2 Beds

1 Bath

0.56 Acres Lot

Save

$ 880,000

Est. payment | -/mo

Save

2 Beds

1 Bath

0.56 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 1069534

Bedrooms 2

Construction Status Resale

HOA Y/N No

Year Built 1958

Annual Tax Amount $5,875

Lot Size 0.560 Acres

Acres 0.56

Lot Dimensions Other

Property 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.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Interior Features Ceiling Fan(s)

Heating Central, Forced Air

Cooling Evaporative Cooling, Ceiling Fan(s)

Flooring Laminate, Tile, Vinyl

Fireplace No

Appliance Free-Standing Electric Range, Refrigerator

Laundry Washer Hookup, Dryer Hookup, Electric Dryer Hookup, In Unit

Exterior

Community Features Storage Facilities

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101805610814831601

Security Features Complex Fenced

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Making real estate fast, fun, and stress-free!

+1(505) 550-9698

amber@findmynmhome.com

11112 Snowbird Drive NW, Albuquerque, New Mexico, 87114, USA

1132 Palomas DR SE Albuquerque, NM 87108