1100 Palomas Drive SE, Albuquerque, NM 87108

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$963,138

bedrooms

bathrooms

square feet

7,720

Acreage

0.56

Open Houses

year built

1955

Full Baths

Half Baths

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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.

Location
Subdivision	Lots 1,2 & 3 Block 12,Virginia Addition
County	Bernalillo
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1033316

Listing agent: Todd D Clarke #13711

Listing broker: Nm Apartment Advisors Inc. (505) 440-8633

Last update: Wednesday, February 12 2025 at 4:53 p.m. EST

Kotohomes National