FOR SALE0.52 ACRES
1132 Palomas Dr SE
Albuquerque, NM 87108
South San Pedro
2 Beds
1 Bath
7,646 sqft (on 0.52 acres)
- 2 Beds
- 1 Bath
- 7,646 sqft (on 0.52 acres)
2 Beds
1 Bath
7,646 sqft
(on 0.52 acres)
Local Information
© Google
-- mins to
Commute Destination
Description
10 unit, recently renovated community which is located near the new Max-Q mixed-use development.Measures of investment performance at ask price of $949,530 and current average rent of $808 are a GRM of 9.79, a 6.04% cap rate, $94,530 per unit, $124.19/sf. If rents are raised to the market of $925, the measures of investment performance improve to a cap rate of 7.14%.10 additional units available on opposite end of the block.The property is located jus a couple of blocks away from the new, under construction headquarters for the Albuquerque Community Safety (ACS), a new city department dedicated to helping the homeless that responds to 911 calls for mental health, substance use, and homelessness issues.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$124
Listed
180+ days ago
Home Details for 1132 Palomas Dr SE
Interior Features |
|---|
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 1 |
Dimensions and Layout Living Area: 7646 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: RefrigeratorRefrigerator |
Heating & Cooling Heating: Wall FurnaceHas CoolingAir Conditioning: Evaporative CoolingHas HeatingHeating Fuel: Wall Furnace |
Gas & Electric Electric: None |
Windows, Doors, Floors & Walls Flooring: Tile, Vinyl |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneFloors: Tile, Vinyl |
Days on Market |
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Days on Market: 180+ |
Property Information |
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Year Built Year Built: 1958 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Block, FrameNot a New ConstructionHas Additional Parcels |
Property Information Condition: ResaleParcel Number: 101805610814831601 |
Price & Status |
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Price List Price: $949,530Price Per Sqft: $124 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: AlbuquerqueCommunity: Virginia Place |
Agent Information |
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Listing Agent Listing ID: 1036059 |
Building |
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Building Area Building Area: 7646 Square Feet |
Lot Information |
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Lot Area: 0.52 acres |
Offer |
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Listing Terms: Cash, Conventional |
Compensation |
|---|
Buyer Agency Commission: 3Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Other, See Remarks |
Miscellaneous |
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Mls Number: 1036059Living Area Range Units: Square Feet |
Last check for updates: 1 day ago
Listing courtesy of Todd D Clarke, (505) 440-8633
NM Apartment Advisors, Inc., (505) 440-8633
Source: SWMLS, MLS#1036059
Price History for 1132 Palomas Dr SE
| Date | Price | Event | Source |
|---|---|---|---|
| 06/12/2023 | $949,530 | Listed For Sale | SWMLS #1036059 |
| 07/31/2003 | -- | Sold | N/A |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $5,678 |
| Assessment | $400,500 |
Home facts updated by county records
Comparable Sales for 1132 Palomas Dr SE
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.20 | Multi-Family Home | - | 11/30/23 | 2 | 1 | 7,200 | |
0.13 | Multi-Family Home | - | 06/06/23 | 2 | 1 | 2,940 | |
0.19 | Multi-Family Home | - | 09/29/23 | 3 | 2 | 17,600 | |
0.50 | Multi-Family Home | - | 02/16/24 | 2 | 1 | 1,550 | |
0.22 | Multi-Family Home | - | 04/16/24 | 6 | 3 | 2,954 | |
0.23 | Multi-Family Home | - | 08/14/23 | 2 | 2 | - | |
0.37 | Multi-Family Home | - | 08/18/23 | 13 | 9 | 9,400 | |
0.41 | Multi-Family Home | - | 08/24/23 | 3 | 2 | 1,236 | |
0.94 | Multi-Family Home | - | 04/12/24 | 2 | 1 | 3,032 | |
0.68 | Multi-Family Home | - | 08/18/23 | 3 | 2 | 3,040 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about South San Pedro
- Trulia User
- Resident
- 6mo ago
"The stores here are all closing. Business is bad in this area. The homelessness in this area is at a all time high. "
- Trulia User
- Resident
- 7mo ago
"I've been living here for 12 years and I had very minimal problems not too bad unless you cross on the other side of Catherine"
- Trulia User
- Resident
- 7mo ago
"easy to get around easy access to public transportation you can walk to any of the locations it's pretty close in the middle of everything"
- Trulia User
- Prev. Resident
- 7mo ago
"I used to live in this area, it was great.. I have children añd I felt it was safe for them to play and be children."
- Trulia User
- Resident
- 9mo ago
"there are not many kids around but there is a park. there are several schools located nearby. it is easy to access public transportation. "
- Trulia User
- Resident
- 2y ago
"family friendly community nice parks the areas are very clean people pick up after their pet dropping"
- Rhonda L.
- Prev. Resident
- 3y ago
"I do have a dog .he lets me know when people are around its just me and him .I feel very safe when has around me.He doesn't go to other people he stays with me"
- Sanders.bosslady87
- Visitor
- 3y ago
"to many homeless people and drugs around the house and not safe for pets or people who live in the same area"
- Louisa E.
- Resident
- 4y ago
"Everything is walking distance if you don’t have a vehicle. During the day it’s nice at night it can get a lil scary "
- Niteranger359
- Resident
- 5y ago
"there's a lot of speeding cars in the neighborhood. you won't see many kids playing in the front yards."
- Robert R.
- Resident
- 5y ago
"There is a colorful mix of people, all ages and nationalities. Great local pizza shop and excellent Asian inspired restaurants."
- Xeturah W.
- 9y ago
"I have lived in the South San Pedro neighborhood for over 7 years. I love the central location, the friendly neighbors and easy access to UNM/CNM. There are great locally-owned restaurants and shops. I always support local businesses. Overall, it is a great place to live and work!"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Todd D Clarke, NM Apartment Advisors, Inc.
Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumer’s personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
1132 Palomas Dr SE, Albuquerque, NM 87108 is a 2 bedroom, 1 bathroom, 7,646 sqft multi-family built in 1958. 1132 Palomas Dr SE is located in South San Pedro, Albuquerque. This property is currently available for sale and was listed by SWMLS on Jun 12, 2023. The MLS # for this home is MLS# 1036059.