Listed by eXp Realty, LLC Albuquerque
$375,000
4-plex's on Palomas
Details
APN 101805608950522708
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,040
Net Rentable (SqFt) 3,040
Units 4
Cap Rate 6.52%
NOI $24,465
Occupancy 87.5%
Price per SqFt $123
Broker Co-Op Yes
Class C
Buildings 1
Stories 1
Acreage 0.160
Zoning R-ML
Investment Type Stabilized
Ownership Fee Simple
Multifamily | 4 Units | $93,750/unit
Marketing description
This incredible investment opportunity features two Palomas 4-plex's located at 517-521 Palomas SE, Albuquerque, NM 87108. Each 4-plex is offered at $385,000, with units averaging $96,250 each. The buildings boast over 3,000 SF per unit, with a lot size of 0.16 acres each.
With a favorable occupancy rate of 87.5% for both properties, each 4-plex includes two 2-bedroom units and two 1-bedroom units, private backyard space, and gated off-street parking. The location provides easy access to Kirtland AFB, ABQ Transit, and notable traffic counts on Zuni Rd. and San Mateo Blvd.
Situated in a bustling area near various amenities such as the Downs Casino, Expo New Mexico, restaurants, and more, these residences present a lucrative investment in a sought-after Albuquerque neighborhood. Don't miss out on this prime real estate opportunity!
Listing Contacts
Listed by eXp Realty, LLC Albuquerque
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$24,465.00
$2,038.75/mo
Valuation Metrics
0
DSCR
6.52%
Cap Rate
6.52%
ROI
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