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1132 Palomas Drive SE

Albuquerque, NM 87108

2 beds
1 bath
– sqft
~1/2 acre lot
1958 build
– on site

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.

Listing courtesy of SWMLS / R1 Commercial

Last checked: Checking… • Last updated Mar 4, 2025 •

MLS# 1069534 —

The Building

Year Built:

1958
Builder Name:

Unknown
New Construction:

false
Construction Materials:

Frame,Stucco
Stories:

1
Levels:

One
Basement:

false
Security Features:

ComplexFenced

Interior

Interior Features:

CeilingFans
Flooring:

Laminate,Tile,Vinyl
Laundry Features:

WasherHookup,DryerHookup,ElectricDryerHookup,InUnit

Location

Directions:

google
Latitude:

35.062108
Longitude:

-106.58274

The Property

Parcel Number:

101805610814831601
Property Type:

ResidentialIncome
Property Subtype:

MultiFamily
Property Condition:

Resale
Zoning Description:

R-MH*
Lot Size Acres:

0.56
Lot Dimensions Source:

Other
Lot Size SqFt:

24393.6
Lot Size Source:

Estimated

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

5875.42

Beds

Bedrooms Total:

2

Baths

Total Baths:

1

Heating & Cooling

Heating:

Central,ForcedAir
Heating:

true
Cooling:

EvaporativeCooling,CeilingFans
Cooling:

true

Utilities

Utilities:

CableConnected,ElectricityConnected,NaturalGasConnected,WaterConnected
Green Energy Generation:

None

Appliances

Appliances:

FreeStandingElectricRange,Refrigerator

The Community

Community Features:

StorageFacilities

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/6/25 Jan 6, 2025	Pending	SWMLS	$880,000

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This multifamily located in Northeast Albuquerque, Albuquerque, NM 87108 is currently pending sale for $880,000. 1132 Palomas Drive SE is a – square foot multifamily with 2 beds and 1 bath that has been on Estately for 66 days. 1132 Palomas Drive SE is in the Northeast Albuquerque neighborhood of Albuquerque and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Whittier Elementary School, Highland High School, and Wilson Middle School.

Listing Courtesy of: SWMLS and R1 Commercial.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.