For Sale
$425,000
309 Palomas DrAlbuquerque, NM 87108
Four-unit apartment building, excellent ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- Four-unit multifamily Albuquerque investment opportunity at 309-315 Palomas Dr NE.
- Two duplex buildings on a 0.23-acre lot, totaling 4,226 square feet.
- Recently renovated (2024) with hardwood floors and custom tile; separately metered utilities.
- Currently rents for $900/unit, 6.94% cap rate, $100.57/SF; pro-forma rent of $1,250/unit yields a 10.42% cap rate.
- Asking price: $425,000 ($106,250/unit). Zoned R-MH.
Property Details for 309 Palomas Dr
- Property type
- Apartment buildings
- Square Feet
- 4,226 SF
- Year Built/Renovated
- 1957/2024
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 10,019 SF
- Units
- 4
Location Insight
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Latitude
- 35.080174057748
- Longitude
- -106.58270025663
309 Palomas Dr, Albuquerque, New Mexico
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