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1100 Alvarado Drive SE
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1100 Alvarado Drive SE
1100 Alvarado Drive SE
1100 Alvarado Drive SE
1100 Alvarado Drive SE
1100 Alvarado Drive SE
1100 Alvarado Drive SE
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1100 Alvarado Drive SE

Albuquerque, NM 87108

$599,000
2 bd • 2 ba • 5,053 sqft
1 Story
Stories
$119
Per SQFT
1965
Year Built
02/17/2026
Listing Date
1098466
Listing #
87108
Zip Code

About This Property

Investment package: Six updated condos in the 3-story, 42-unit gated Moana Condo Complex in SE Albuquerque near Kirtland AFB & Sandia Labs. Includes three 2BR/2BA, one 2BR/1BA, and two 1BR/1BA units. Secured parking in gated lot for 5 of the 6 condo units. Condo dues vary by size and cover exterior maintenance, exterior utilities (gas, water, sewer, trash), and exterior insurance; owner pays interior electric and taxes. Complex includes a pool. Fully leased; all units on leases with deposits in place. Current gross $81,888; NOI $40,065 (6.69% cap). Market rents project gross $98,352; NOI $51,053 (8.52% cap). Package sale only. Offers contingent on buyer's visual inspection within 72 hours of offer acceptance; proof of funds required on all offers. No sign or lockbox at property.

Interior

Bathrooms Total: 2
Appliances: Free-Standing Electric Range, Refrigerator
Flooring: See Remarks

Building And Construction

Property Type: Residential Income
Building Area Total: 5,053 sqft
Year Built: 1965
Construction Materials: Brick, Concrete
Builder Name: UNK
Levels: One
Number Of Units Total: 6
Stories: 1
Property Condition: Resale

Exterior And Lot

Exterior Features: Landscaping, Lighting
Parking Total: 5
Pool Features: Community

Provisional

MLS #: 1098466
Gross Income: 81888
Listing Terms: Cash, Conventional
Number Of Buildings: 2
Occupant Type: Owner
Operating Expense: 37728
Owner Pays: Association Fees, Common Area Maintenance, Gas, Sewer, Trash Collection, Water
Tenant Pays: Electricity

Area And Schools

Community Features: Gated, Pool
City: Albuquerque
Postal Code: 87108
MLS Area Major: Southeast Heights
Subdivision: MOANA CONDO COMPLEX
County: Bernalillo
Parcel Number: 00000000000000

Utilities

Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling: Refrigerated
Heating: Central, Forced Air, Hot Water
Heating (Y/N): Yes

Location

Directions: From Gibson and San Pedro. Head North on San Pedro to Eastern. Turn (left) West on Eastern to Alvarado. Turn (right) North on Alvarado to property. Located on the SE corner of Alvarado and Ross Ave.

Mortgage Calculator

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** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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Listing courtesy of Beach Realty
Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550