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Map
$925,488
●
Townhouse -
For Sale
1100 Palomas Drive SE
Albuquerque, NM 87108
2 Beds
0 Bath
7720 Sqft
$5,010
Estimated Monthly
0.69%
Cap Rate
About This Property
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
The manager has listed the unit size as 7720 square feet.
The manager has listed the unit size as 7720 square feet.
Unit Size
7,720Ft²
Days on Market
411 days
Land Size
0.56 acres
Price per sqft
$120
Property Type
Townhouse
Property Taxes
$466
HOA Dues
-
Year Built
-
Listed By
Last updated: 9 days ago (GAARNM #1033316)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 26, 2023 | Listed by NM Apartment Advisors Inc. | $925,488 | |
Listed by NM Apartment Advisors Inc. |
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Stucco
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1100 Palomas Drive Southeast
1100 Palomas Drive Southeast, Albuquerque, NM 87108
- 1 Unit for Sale
About South San Pedro
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