Active For Sale Multifamily

1100 Palomas Dr SE

1100 Palomas Dr SE, Albuquerque, NM, 87108

ID 60dce8bc

Overview

On behalf of the owners, NM Apartment Advisors is excited to bring to market this opportunity to purchase this 10-plex with two bedroom, one bathroom units. The property includes two fourplexes and one duplex.Residents enjoy spacious, open 2 bedroom floor plans with forced central heating and cooling, secured bonus storage closets, and very private, large door patio spaces. Recent modernization efforts include: recent updated softs, new windows, secured iron fencing, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing and updating some of the mechanical systems. This 10-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.

Additional Information

City
Albuquerque
State
NM
Zip Code
87108
Primary Uses
Multifamily
Zoning
R-MH
Zoning Description
Multifamily High Density Residential
Building Name
1100-1104 Palomas SE
Floors
1
Year Built
1,955
Parking Ratio
2
Parking Spaces
14
Minimum Ceiling Height
8
Total Units
10
Average Occupancy Rate
100%