1132 PALOMAS DR SE
ALBUQUERQUE, NM 87108
$949,530
2 Beds
1 Baths
7,646 Sq Ft
Status Active
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
$124 / Sq Ft
0 parking spaces
Wall Furnace
355 Days on website
0.52 acres lot
Area Information for 1132 PALOMAS DR SE
