$999,565
Listed on Aug 19, 2026
6 bds · 3 ba · 7,720 sqft
1104 Palomas Drive SE, Albuquerque, 87108
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1100 Palomas Drive SE
Albuquerque, NM 87108
This property is not for sale.
Sold on 12.03.2025 for $963,138
2
Beds
1
Bath
7,720
SqFt Home
1
Story
1955
Year Built
24,394
SqFt Lot
About this property
Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into its new office building a few blocks… Show more
Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into its new office building a few blocks away.Measures of investment performance at ask price of $963,138 and current average rent of $917 are a GRM of 8.75, a 5.98% cap rate, $96,314 per unit, $128.42/sf. Rents have increased 13.7% in the last year.If rents are raised to the market of $1,075, the measures of investment performance improve to a cap rate of 7.37%.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.
Property details for 1100 Palomas Drive SE
Interior
Bathrooms Total:
1
Appliances:
Refrigerator
Flooring:
Vinyl
Exterior and lot
Lot Size Acres:
0.56
Lot Size:
24,394 sqft
Exterior Features:
Landscaping
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Building Area Total:
7,720 sqft
Year Built:
1955
Construction Materials:
Frame, Stucco
Levels:
One
Number Of Units Total:
10
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1033316
Gross Income:
91850
Listing Terms:
Cash, Conventional
Number Of Buildings:
3
Operating Expense:
38887
Owner Pays:
Other, See Remarks
Tenant Pays:
Other, See Remarks
Area and schools
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
Subdivision:
Lots 1, 2 & 3 Block 12, Virginia Addition
County:
Bernalillo
Parcel Number:
101805610818831610
Utilities
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling:
Central Air
Heating:
Central, Forced Air
Heating (Y/N):
Yes
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1100 Palomas Drive SE Albuquerque, NM 87108 listed as MLS #1033316.
This 2 bedroom 7,720 sqft Residential Income built in 1955 located in Albuquerque NM 87108.
1100 Palomas Drive SE was sold for $963,138 as MLS #1033316.
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personal, non-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
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