Map of Property

516 & 520 Palomas Dr SE

516 & 520 Palomas Dr SE, Albuquerque, NM 87108

  • For Sale $555,227
  • Property Type Multi-Family
  • Property Size 4,917 SF
  • Units 9
  • Lot Size 0.31 Acre
  • Cap Rate % 6.61
  • Additional Rent Contact for pricing
  • Date Updated Oct 25, 2024

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market this extreme value add opportunity to improve a property and area in the acquisition/rehabilitation of this two lot, two building, 9 unit apartment community. The property is being sold using the BID process with one date/time for tours (noon on September 11th, 2024) and a Þxed deadline for offers (noon on September 12th, 2024). Favorable Þnancing is available from local lender, Ventana Fund—see term sheet on page 5. Do not miss out - its rare to Þnd a property with rents 32% below market in one of the top rent growth markets in the country.

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Contacts

broker

Todd Clarke Is this you?

New Mexico Apartment Advisors

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    86/100 Very Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood South San Pedro
  • Zip Code 87108
  • Market Albuquerque

Points of Interest

  • Africa Train Station

    4.29 miles

  • Asia Train Station

    4.54 miles

  • Bernalillo County/International Sunport

    5.00 miles

  • Tingley Station

    5.12 miles

  • Montaño

    5.22 miles

  • Aquarium/Garden Station

    5.55 miles

  • Los Ranchos/Journal Center

    7.43 miles

  • Sandia Pueblo

    9.60 miles

  • Isleta Pueblo

    10.00 miles

  • Murphy Express

    0.04 miles

  • Pump-N-Save

    0.15 miles

  • Alon

    0.44 miles

  • Circle K

    0.56 miles

  • Valero

    0.56 miles

  • Fill-Up

    0.70 miles

  • Y-Mart

    0.73 miles

  • Gibson Food Mart

    0.97 miles

  • Tesla Supercharger

    2.96 miles

  • ChargePoint

    3.82 miles

  • Patient Lot

    1.12 miles

  • Employee Lot J

    1.27 miles

  • Recreational Storage

    1.76 miles

  • Cornell Parking Garage

    2.04 miles

  • Lomas Parking Structure

    2.04 miles

  • Cell Phone Waiting Area

    2.14 miles

  • Two Park Square Visitor Parking

    2.16 miles

  • Park Square Parking Garage

    2.18 miles

  • Central New Mexico Community College Paid Parking

    2.22 miles

  • Lazy H Motel

    0.41 miles

  • De Anza Motor Lodge

    0.79 miles

  • Sahara Motel

    1.08 miles

  • Hotel Zazz

    1.12 miles

  • American Inn & Suites

    1.19 miles

  • Hiway House

    1.45 miles

  • Barcelona Suites

    1.49 miles

  • Hilton Garden Inn Albuquerque Uptown

    2.05 miles

  • Marriott Albuquerque

    2.07 miles

  • Extended Stay America

    2.08 miles

  • 2000 Vietnam Restaurant

    0.09 miles

  • Wingstop

    0.10 miles

  • Subway

    0.17 miles

  • Acapulco Tacos & Burritos

    0.32 miles

  • Cafe Da Lat

    0.41 miles

  • Long John Silver's

    0.42 miles

  • Weck's

    0.46 miles

  • DQ Grill & Chill

    0.46 miles

  • El Sarape

    0.48 miles

  • Wendy's

    0.48 miles

  • Highland High School

    0.35 miles

  • National Dance Institute of New Mexico

    0.49 miles

  • Whittier Elementary School

    0.53 miles

  • Chinese Culture Center & Lin's Martial Arts Academy

    0.54 miles

  • Coral Community Charter School

    0.65 miles

  • Media Arts Collaborative Charter School

    0.77 miles

  • Holy Ghost Catholic School

    0.77 miles

  • Wilson Middle School

    0.78 miles

  • Emerson Elementary School

    0.86 miles

  • Cesar Chavez Community Charter School

    0.87 miles

  • Eastern Child Development Center

    0.87 miles

  • Maxwell Child Development Center (1914)

    1.15 miles

  • All Seasons Child Care and Learning Center

    1.28 miles

  • Serendipity Day School

    1.51 miles

  • Wildflowers Day Nursery

    1.54 miles

  • Discovery One Child Care

    1.68 miles

  • Gibson Child Development Center

    1.88 miles

  • Our Place Learning Center

    2.07 miles

  • DOE Child Care

    2.19 miles

  • Steps Ahead Learning Center

    2.33 miles

Frequently Asked Questions

How much does 516 & 520 Palomas Dr SE cost?

The space currently listed for sale at 516 & 520 Palomas Dr SE asks for $555,227.

What is the total square footage of 516 & 520 Palomas Dr SE?

516 & 520 Palomas Dr SE totals 4,917 square feet.

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Contact Listing Broker

broker

Todd Clarke Is this you?

New Mexico Apartment Advisors