1132 Palomas Drive Se, Albuquerque, NM


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Square feet



About 1132 Palomas Drive Se

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.

Features of 1132 Palomas Drive Se

MLS® # 1036059
Price $949,530
Bedrooms 2
Bathrooms 1.00
Square Footage 7,646
Acres 0.52
Year Built 1958
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 1132 Palomas Drive Se
Area 71 - Southeast Heights
Subdivision Virginia Place
City Albuquerque
County Bernalillo
State NM
Zip Code 87108


Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No


Interior Tile, Vinyl
Appliances Refrigerator
Heating Wall Furnace
Cooling Evaporative Cooling
Fireplace No
# of Stories 1
Stories One


Construction Block, Frame

Additional Information

Date Listed June 12th, 2023
Days on Market 342
RE / Bank Owned No

Listing Details

OfficeNM Apartment Advisors, Inc.

Listing Map

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