521 Palomas Dr SE, Albuquerque, NM 87108 For Sale

Introducing an exceptional investment opportunity at 517-521 Palomas SE, Albuquerque, NM 87108. These two 4-plex properties boast a total of eight units, each offering a mix of spacious 2-bedroom and 1-bedroom apartments with private backyard spaces and gated off-street parking. Conveniently located near Kirtland Air Force Base, with close access to ABQ Transit and a myriad of amenities including the Downs Casino and Expo New Mexico, these properties are ideal for investors seeking steady rental income in a busy area. The combined properties feature an attractive occupancy rate of 87.5% and offer a combined NOI of $51,420, providing a blended cap rate of 6.7%. Surrounded by a vibrant community with bustling daily traffic on Zuni Rd. NE, this investment presents a promising opportunity to capitalize on the growing rental market in Albuquerque. Don't miss out on the potential that Palomas 4-plex's have to offer!