$800,000
Listed on Sep 4, 2026
6 bds · 3 ba · 6,400 sqft
401 & 405 Indiana Street SE, Albuquerque, 87108
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(505) 521 8550
us for more information
1132 Palomas Drive SE
Albuquerque, NM 87108
This property is not for sale.
Sold on 05.21.2025 for $880,000
2
Beds
1
Bath
1
Story
1958
Year Built
24,394
SqFt Lot
About this property
Presenting 1132 Palomas SE, a prime investment opportunity you won't want to miss! This well-priced 10-unit property offers a great mix of 2-bedroom, 1-bathroom units, each featuring… Show more
Presenting 1132 Palomas SE, a prime investment opportunity you won't want to miss! This well-priced 10-unit property offers a great mix of 2-bedroom, 1-bathroom units, each featuring in-unit washer and dryer hookups. Most of the units have been thoughtfully updated, enhancing their appeal and ensuring tenant satisfaction.With an impressive in-place 7% cap rate and a current 6% cash-on-cash return, this property is already delivering strong financial performance. However, there's significant potential for even more upside. The property is well-positioned for rent growth, with the possibility to increase revenue through strategic updates and enhancements. Whether you're looking to make targeted improvements or capitalize on the area's rising demand, 1132 Palomas SE offers great value-add.
Property details for 1132 Palomas Drive SE
Interior
Bedrooms Total:
2
Bathrooms Total:
1
Interior Features:
Ceiling Fan(s)
Appliances:
Free-Standing Electric Range, Refrigerator
Laundry Features:
Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
Flooring:
Laminate, Tile, Vinyl
Exterior and lot
Lot Size Acres:
0.56
Lot Size:
24,394 sqft
Building and construction
Property Type:
Residential Income
Year Built:
1958
Construction Materials:
Frame, Stucco
Builder Name:
Unknown
Levels:
One
Number Of Units Total:
10
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1069534
Listing Terms:
Cash, Conventional
Number Of Buildings:
3
Tenant Pays:
Electricity, Gas
Area and schools
Community Features:
Storage Facilities
City:
Albuquerque
Postal Code:
87108
MLS Area Major:
Southeast Heights
County:
Bernalillo
Parcel Number:
101805610814831601
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
Cooling:
Evaporative Cooling, Ceiling Fan(s)
Heating:
Central, Forced Air
Heating (Y/N):
Yes
Homes for sale similar to 1132 Palomas Drive SE
Homes recently sold near 1132 Palomas Drive SE
1132 Palomas Drive SE Albuquerque, NM 87108 listed as MLS #1069534.
This 2 bedroom 0 sqft Residential Income built in 1958 located in Albuquerque NM 87108.
1132 Palomas Drive SE was sold for $880,000 as MLS #1069534.
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