517 PALOMAS DR SE new Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $144
MLS Listing ID 1091367
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1963
Annual Tax Amount $5,143
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions Appraiser
Property Sub-Type Quadruplex
Property Description
4 UNITS!!!! Two adjacent 4-plexes at 517 and 521 Palomas Drive SE in Southeast Albuquerque are offered at $450,000 each and can be sold together for a combined $900,000. Consist of 2B/1B x2 units & 1B/1B x2 units. This well-maintained 4-unit portfolio is located in a strong rental area and features low-maintenance brick construction with secured gated parking. Units have been updated with new appliances, in-unit washers and dryers, fresh paint, upgraded plumbing, new furnaces, a swamp cooler, enhanced security gates, and a 2017 roof. With one unit currently vacant, investors have the option to capture immediate upside at market rent or to leverage a house-hack model by occupying a unit while collecting income from the others.
Location
State NM
County Bernalillo
Area 71 - Southeast Heights
Interior
Interior Features Ceiling Fan(s)
Heating Central, Forced Air
Cooling Evaporative Cooling, Ceiling Fan(s)
Flooring Tile
Fireplace No
Appliance Dryer,Disposal,Refrigerator,Range Hood,Washer
Laundry Washer Hookup, Dryer Hookup, Electric Dryer Hookup, In Unit
Exterior
Exterior Feature Lighting
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101805608950522708
Security Features Security Gate
Acceptable Financing Cash,Conventional,FHA,VA Loan
Green/Energy Cert None
Listing Terms Cash,Conventional,FHA,VA Loan