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$612,000   Price Analysis
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2900 Palo Verde Dr NE
Albuquerque, NM 87112
1 bed 1 bath unknown SqFt ($0/SqFt)
8,276SqFt lot. Built 1979
Listed 2024-05-10, Taxes $4,734
Ⓧ USDA Ineligible
due to location

near Albuquerque

Explore prime investment potential in this Albuquerque fourplex!

* No Longer For Sale *
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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 fireplacs.

TPO roof and other upgrades in the last few years. Plus, tenants will enjoy outdoor space with enclosed backyards. 1.5 park ing 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!


Presented by David Stafford at
360 Ventures Real Estate.
Listing Agent Photo

Property MLS #1062424 from SouthwestMLS

Bedrooms: 1

Total Bathrooms: 1
Full Bathrooms: 1

Dryer
Dishwasher
FreeStandingElectricRange
Refrigerator
Washer
Laundry Features: WasherHookup, DryerHookup, ElectricDryerHookup, InUnit

Cooling Features: EvaporativeCooling
Fireplace Features: Option
Heating Features: Central, ForcedAir
Heating: Yes

Flooring: Tile, Wood

Lighting

Lot Dimensions Source: PublicRecords
Lot Size Acres: 0.19
Lot Size Source: PublicRecords
Lot Size Square Feet: 8276

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 4

Gross Income: 58200
Tenant Pays: Electricity, Gas

Annual Tax Amount: 4734.260000000
Source Listing Status: Closed
County: Bernalillo
Directions: Tramway and Candelaria
Source Property Type: ResidentialIncome
Parcel Number: 102305904348720326
Postal City: Albuquerque
Postal Code Plus 4: 2166
Zoning Description: PD
Property Subtype: Quadruplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$84,864 + $25,923
$110,787
$4,734
2022$82,392 + $25,168
$107,560
$4,574
2021$79,993 + $24,435
$104,428
$4,421
2020$77,663 + $23,724
$101,387
$4,348
2019$75,401 + $23,033
$98,434
$4,221
2018$73,205 + $22,362
$95,567
$4,070
2017$71,073 + $21,711
$92,784
$3,945
2016$69,003 + $21,079
$90,082
$3,832
2015$66,993 + $20,465
$87,458
$3,729
2014$66,993 + $20,465
$87,458
$3,713
2013$199,329 + $49,136
$248,465
$3,525
2012$302,500 + $61,400
$363,900
$5,100
2010$302,500 + $61,400
$363,900
$4,981
2008$171,943 + $42,386
$214,329
$2,854
2008$302,500 + $61,400
$363,900
$2,854
2007$166,935 + $41,152
$208,087
$2,770
2006$162,073 + $39,954
$202,027
$2,566

Sold 2024-07-09
$0
SouthwestMLS
Price Changed 2024-05-29
$612,000
SouthwestMLS
Price Changed 2024-05-21
$625,000
SouthwestMLS
Listed 2024-05-10
$637,500
SouthwestMLS
Listing removed 2018-10-01
$325,000
SouthwestMLS
Sold 2013-03-18
$0
SouthwestMLS
Listed 2012-11-02
$294,900
SouthwestMLS
Listing removed 2010-12-20
$325,000
SouthwestMLS
Price Changed 2010-07-26
$325,000
SouthwestMLS
Relisted 2010-07-23
$335,000
SouthwestMLS
Listing removed 2010-07-08
$335,000
SouthwestMLS
Price Changed 2010-07-01
$335,000
SouthwestMLS
Price Changed 2010-06-16
$330,000
SouthwestMLS
Listed 2009-08-18
$337,000
SouthwestMLS
Sold 1998-06-26
$0
SouthwestMLS
Listed 1998-02-20
$195,000
SouthwestMLS

Operating Expense: 21784

Year Built: 1979
Construction Materials: Frame, Stucco
Levels: One
Property Age: 45
Property Condition: Resale
Levels or Stories: 1

ElectricityConnected
NaturalGasConnected
SewerConnected
WaterConnected

Hoover Middle School is a public middle school located approximately 0.7 miles away.
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Eldorado High School is a public elementary, middle and high school located approximately 1.3 miles away.
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Sandia Montessori School Of Albuquerque is a private elementary school located approximately 1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.