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2841 Palo Verde Drive NE

Albuquerque, NM 87112
  • $487,500
  • STATUS: Active
  • ON SITE: 20 days
  • MLS #: 993359
UPDATED: 28 min ago
$487,500
  • 3
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,371
    SQFT
  • $145
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

Description

Highly coveted, and hard to find, NM Apartment Advisors is proud to bring to market a Pickard triplex located at 2841 Palo Verde NEThe Pickard Triplexes are named for developer and family friend, Grif Pickard, who developed a series of high end owner occupant style triplexes along the foothills. This high end NE heights location combined with owneroccupant style floorplans and 2 car garage make this equally attractive for an owner occupant or a sophisticated investor.At the ask price of $487,500, the measure of investment performance at current average rent of $1,050*, include GRM of 12.90, 5.04% Cap rate after reserves, and an after tax IRR of 17.70%. (* based on a rent increase effective July 1st, 2021).

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IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2021-06-23T19:04:53.2.
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2841 Palo Verde Drive NE Albuquerque, NM 87112

  • Price: $487,500
  • Status: Active
  • Updated: 28 min ago
  • MLS #: 993359
3
Beds
0
Baths
0
½ Baths
0.19
Acres
3,371
SQFT
$145
$/SQFT
1979
Built
Neighborhood:
Crestview Heights
County:
Bernalillo
Area:
51 - Foothills South
Property Description
Highly coveted, and hard to find, NM Apartment Advisors is proud to bring to market a Pickard triplex located at 2841 Palo Verde NEThe Pickard Triplexes are named for developer and family friend, Grif Pickard, who developed a series of high end owner occupant style triplexes along the foothills. This high end NE heights location combined with owneroccupant style floorplans and 2 car garage make this equally attractive for an owner occupant or a sophisticated investor.At the ask price of $487,500, the measure of investment performance at current average rent of $1,050*, include GRM of 12.90, 5.04% Cap rate after reserves, and an after tax IRR of 17.70%. (* based on a rent increase effective July 1st, 2021).
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Bathrooms Total Integer 2 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring CarpetTileVinyl Heating Floor Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Pickard Building Area Total 3371 Disclosures Ranm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 3128 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description Pd*

Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2021-06-23T19:04:53.2.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109