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311 Palomas Drive NE

Albuquerque, NM 87108
  • $425,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 1073663
$425,000
  • 2
    BEDS
  • 0.22
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 4,226
    SQFT
  • $101
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

Residents love the complex's private and secluded courtyard entry, the circular driveway and off-street parking options, the bonus exterior storage assigned to each apartment, and the large private yard spaces, almost as much as the quality and unique architectural finishes in each apartment. All units are separately metered for gas and electric and feature small slat oak floors, original custom tile, built-ins, and well-preserved vintage fixtures throughout. The residence at 309 Palomas NE has just been renovated to make the ideal owner occupancy apartment while also demonstrating where value-add renovation work will take the next investor with a market rent that is over 50% higher than the other 3 units.An owner occupant, w/ 3.5% down payment and a 30 yr amtz, could live here for $750

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IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-12-08T00:05:19.287.
www.sandisells.com/homes/157675837
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311 Palomas Drive NE Albuquerque, NM 87108

  • Price: $425,000
  • Status: Active
  • On Site: 29 Days
  • MLS #: 1073663
2
Beds
1
Baths
0
½ Baths
0.22
Acres
4,226
SQFT
$101
$/SQFT
1957
Built
Neighborhood:
Tijeras Place Addition
County:
Bernalillo
Area:
70 - Fairgrounds
Property Description
Residents love the complex's private and secluded courtyard entry, the circular driveway and off-street parking options, the bonus exterior storage assigned to each apartment, and the large private yard spaces, almost as much as the quality and unique architectural finishes in each apartment. All units are separately metered for gas and electric and feature small slat oak floors, original custom tile, built-ins, and well-preserved vintage fixtures throughout. The residence at 309 Palomas NE has just been renovated to make the ideal owner occupancy apartment while also demonstrating where value-add renovation work will take the next investor with a market rent that is over 50% higher than the other 3 units.An owner occupant, w/ 3.5% down payment and a 30 yr amtz, could live here for $750
Exterior Features

Construction Materials Brick Veneer Frame Exterior Features Landscaping Levels One Parking Total 4 Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Vinyl Wood Heating Floor Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 4226 Green Energy Generation None Gross Income 41040 Listing Agreement Exclusive Agency Listing Terms Cash Conventional FHA VA Loan New Construction YN No Occupant Type Owner Operating Expense 11533 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2969 Tenant Pays None Utilities Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-12-08T00:05:19.287.
 
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Sandi Pressley Team | Coldwell Banker Legacy
10400 Academy Rd NE Suite 100
Alburquerque NM, 87111