$963,138

1100 Palomas Drive Se , Albuquerque, NM 87108

 
Bedrooms:2 beds
Bathrooms:0 baths
Residential:7,720 sqft
Lot:0.56
Year Built:1955
Listing Status:Active

Listing Agent

Todd Clarke
http://www.nmapartment.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into its new office building a few blocks away.Measures of investment performance at ask price of $963,138 and current average rent of $917 are a GRM of 8.75, a 5.98% cap rate, $96,314 per unit, $128.42/sf. Rents have increased 13.7% in the last year.If rents are raised to the market of $1,075, the measures of investment performance improve to a cap rate of 7.37%.The prior owner remodeled the property with 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.

Detailed Items

Other Information

1100 Palomas Drive Se, Albuquerque, NM, 87108 is a residential listing of 7,720 sqft on a lot of 0.56. This residential listing has 2 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1100 Palomas Drive Se, Albuquerque, NM
Copyright © 2025 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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