2900 Palo Verde Drive NE Albuquerque, NM $ 612,000
2900 Palo Verde Drive NE
$ 612,000
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2900 Palo Verde Drive NE

Albuquerque, NM, 87112
$ 612,000
Bedrooms1 Baths1.0

Monthly Estimate*

$ 4,068

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Multi-Family Home for sale in Albuquerque, NM

for $612,000 with 1 bedroom and 1 full bath. This home was built in 1979 on a lot size of 0.19.

Explore prime investment potential in this Albuquerque fourplex! Situated in the sought-after Foothills area east of Tramway Blvd, this property offers a rare opportunity. Each unit features desirable amenities like in-unit washer/dryer and stylish tile/wood floors, and fireplaces. TPO roof and other upgrades in the last few years. Plus, tenants will enjoy outdoor space with enclosed backyards. 1.5 parking spaces per unit (6 total) and a stable 5.6% cap rate from full occupancy, this investment is a solid choice for savvy investors. Don't let this rare chance slip by!

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Multi-Family Active

Price

$ 612,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 4,734

Style

Quadruplex

Lot Size

0.19

Year Built

1979

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1062424

Features
General
Heating Central ForcedAir
Cooling EvaporativeCooling
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Appliances Dryer Dishwasher FreeStandingElectricRange Refrigerator Washer
Exterior Features Lighting
Construction Materials Frame Stucco
Year Built 1979
Tenant Pays Electricity Gas
Stories 1
Levels One
Property SubType Quadruplex
Gross Income 58200.0
County Bernalillo
Operating Expense 21784.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Green Energy Generation None
Status Active
Directions Tramway and Candelaria
City Albuquerque
Disclosures RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description PD*
NumberOfUnitsTotal 4
MLS Area 51 - Foothills South
Lot Size Square Feet 8276.4
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Palo Verde
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 4734.26
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 20
Builder Name Unknown
Standard Status Active
Property Sub Type Additional Quadruplex
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Interior
Flooring Tile Wood
Fireplace Features Option
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Drive
Laundry Features WasherHookup DryerHookup ElectricDryerHookup InUnit
Total Bedrooms 1
Electric On Property Y/N N
Total Baths 1
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Exterior
Number of Buildings 1
Spa N
Lot Size Acres 0.19
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
David Stafford

Listing Agent

360 Ventures Real Estate

Broker

360Ventures@gmail.com

Email

Affordability Calculator

$4,462
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,068
Monthly Property Taxes
$395
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/29/2024$612,000 -2.08% Price Down
5/21/2024$625,000 -1.96% Price Down
5/10/2024$637,500 Listed Price

Map


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2900 Palo Verde Drive NE, Albuquerque, NM, 87112 is a Multi-Family Home for sale at $612,000 with a lot size of 0.19. 2900 Palo Verde Drive NE has 1 bedrooms, 1.0 baths, and was built in 1979. The property's zip code is 87112 which is in Albuquerque, NM