1132 Palomas Drive SE, Albuquerque, NM 87108

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Pending

$880,000

bedrooms

bathrooms

square feet

Acreage

0.56

Open Houses

year built

1958

Full Baths

Half Baths

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Presenting 1132 Palomas SE, a prime investment opportunity you won't want to miss! This well-priced 10-unit property offers a great mix of 2-bedroom, 1-bathroom units, each featuring in-unit washer and dryer hookups. Most of the units have been thoughtfully updated, enhancing their appeal and ensuring tenant satisfaction.With an impressive in-place 7% cap rate and a current 6% cash-on-cash return, this property is already delivering strong financial performance. However, there's significant potential for even more upside. The property is well-positioned for rent growth, with the possibility to increase revenue through strategic updates and enhancements. Whether you're looking to make targeted improvements or capitalize on the area's rising demand, 1132 Palomas SE offers great value-add.

Location
Subdivision	-
County	Bernalillo
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1069534

Listing agent: Trey W. Whaley #53002

Listing broker: R1 Commercial (505) 510-0170

Last update: Monday, February 24 2025 at 3:39 p.m. EST

Kotohomes National