Check Availability
$925,488
Townhouse - For Sale

1100 Palomas Drive SE

Albuquerque, NM 87108
bedrooms
2 Beds
bathrooms
0 Bath
square feet
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.
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

Todd D Clarke
NM Apartment Advisors, Inc.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
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
More about this Building
1100 Palomas Drive Southeast
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