1100 Palomas Drive SE
Albuquerque, NM 87108
- 2 beds
- 1 bath
- 7,720 sqft
- ~1/2 acre lot
- $124 per sqft
- 1955 build
- – on site
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.
Last checked:
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Last updated Dec 16, 2024
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MLS# 1033316 —
The Building
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Year Built:1955
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Builder Name:Unknown
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New Construction:false
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Construction Materials:Frame,Stucco
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Stories Total:1
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Levels:One
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Basement:false
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Exterior Features:Landscaping
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Building Area Total:7720.0
Interior
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Flooring:Vinyl
Room Dimensions
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Living Area:7720.0
Location
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Directions:From I-40 and Gibson - east to San Mateo, north to Eastern, east to Palomas.
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Latitude:35.063414
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Longitude:-106.582796
The Property
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Parcel Number:101805610818831610
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Property Condition:Resale
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Zoning Description:R-MH*
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Lot Size Acres:0.56
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:24393.6
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Lot Size Source:PublicRecords
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Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
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Tax Annual Amount:5586.84
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Tax Legal Description:Lots 1, 2 & 3 Block 12, Virginia Addition
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
Heating & Cooling
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Heating:Central,ForcedAir
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Heating:true
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Cooling:CentralAir
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Cooling:true
Utilities
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Utilities:ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
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Electric:None
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Green Energy Generation:None
Appliances
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Appliances:Refrigerator
The Community
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Subdivision Name:Lots 1, 2 & 3 Block 12, Virginia Addition
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/16/24
Nov 16, 2024
|
Listed / Active | SWMLS | $963,138 |
