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517 & 521 Palomas Drive SE

Albuquerque, NM 87108
  • $720,000
  • STATUS: Active
  • ON SITE: 168 Days
  • MLS #: 1027104
Price Reduced
UPDATED: 35 min ago
$720,000
  • 2
    BEDS
  • 0.14
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

8.9% CAP RATE!! Amazing 8-unit fully occupied rental investment opportunity! Brick 8 unit complex with Pitched Shingled Roof installed in 2017, W/D Hookups in each unit, Great Open Floor plans, each unit has private backyard, Central Forced Air Heating, Evaporative Cooling, Security Gate, All Units have working Refrigerator, Freezer, Oven & Range, and fully insulated. Close to Major shopping centers, close to Kirkland air force base, UNM area. Very consistent and high occupancy rates. Consists of 2 4plex buildings in the same parcel.

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IDX information © 2023 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: 2023-06-04T12:05:22.143.
www.metrohomesearch.com/homes/135480753
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517 & 521 Palomas Drive SE Albuquerque, NM 87108

  • Price: $720,000
  • Status: Active
  • On Site: 168 Days
  • Updated: 35 min ago
  • MLS #: 1027104
2
Beds
1
Baths
0
½ Baths
0.14
Acres
1963
Built
Neighborhood:
71 - Southeast Heights
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
8.9% CAP RATE!! Amazing 8-unit fully occupied rental investment opportunity! Brick 8 unit complex with Pitched Shingled Roof installed in 2017, W/D Hookups in each unit, Great Open Floor plans, each unit has private backyard, Central Forced Air Heating, Evaporative Cooling, Security Gate, All Units have working Refrigerator, Freezer, Oven & Range, and fully insulated. Close to Major shopping centers, close to Kirkland air force base, UNM area. Very consistent and high occupancy rates. Consists of 2 4plex buildings in the same parcel.
Exterior Features

Construction Materials Brick Exterior Features LandscapingPatio Levels One Patio And Porch Features Patio

Interior Features

Appliances FreestandingelectricrangeFreestandinggasrangeDisposalRefrigeratorRangehood Basement YN No Cooling EvaporativecoolingCeilingfans Cooling YN Yes Electric None Flooring Tile Heating CentralForcedair Heating YN Yes Interior Features Ceilingfans Laundry Features WasherhookupDryerhookupElectricdryerhookupInunit

Property Features

Accessibility Features Wheelchairaccess Builder Name Unknown Community Features Patio Listing Agreement Exclusiverighttosell Listing Terms CashConventionalValoan New Construction YN No Property Condition Resale Property Sub Type Multifamily Tax Annual Amount 6240 Tenant Pays ElectricityGasOtherSeeremarks Utilities CableavailableElectricityavailableElectricityconnectedNaturalgasconnectedPhoneavailableSewerconnectedWaterconnected Zoning Description R-Mh*

Southwest MLS] logo Listing courtesy of Re/Max Exclusive: (505) 833-1400. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 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: 2023-06-04T12:05:22.143.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109