1 month on rocket

1028 Alvarado Dr SE, Albuquerque, NM, 87108

$1,250,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Bath
Multi
Schools Nearby

Location

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1028 Alvarado Dr SE, Albuquerque$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1955
HeatingWall Furnace
CoolingEvaporative Cooling
MLS #1058187
Lot Size0.37 Acres
StatusActive

About 1028 Alvarado Dr SE

SELLER FINANCING:5 year call, 5% interest, 30 year amortization, 15% down payment.12 unit apartment complex for sale! This multifamily property is settled in one of Albuquerque's up and coming neighborhoods: South San Pedro. Significant investor activity has lead to improving properties all throughout the area which helps to increase rent and tenant basis. This property offers off-street tenant parking and backyards. Property consists of 8 rehabbed units, newer windows, roof, electric panels, exterior paint, all new AC units, and some newer wall heaters as well.

Property Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 1

Listing Office:

  • Office Name: Rhino Realty Property Mgmt LLC
  • Office Phone: (505) 856-0033
  • Listing Agent: Trey W. Whaley

Interior Features

Interior Information:

  • Appliances: Refrigerator, Range Hood
  • Basement: No
  • Flooring Type: Carpet, Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Landscaping, Lighting

Lot Features

Lot Information:

  • Lot Size: 0.37 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

  • Highland High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Wilson Middle School, Public District Grades 6-8
  • Whittier Elementary School, Public District Grades KG-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Google maps.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000

Tax Information:

  • Annual Amount: $3,631
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$335.6K

Med. Price/SqFt

$200

Avg. Days On Market

27

# of Sold Homes

479

1028 Alvarado Dr SE vs Albuquerque

53 DAYS ON ROCKET

+26 Days

$1,250,000

+$914.3K More

KEY TAKEAWAY

This property is $914.3K more than the Median Sold Price in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1058187

Listing Office:

  • Office Name: Rhino Realty Property Mgmt LLC
  • Office Phone: (505) 856-0033
  • Listing Agent: Trey W. Whaley

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 4:25:13 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,631$84,658
2019$3,606$84,658
2018$3,600$84,658
2017$3,600$84,658

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1898144
4
/10

  • Whittier Elementary School

  • 1110 Quincy St SE

  • 0.41 miles

  • Public District Grades KG-5

school-card-donut-1898145
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 4.21 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1898146
3
/10

  • Wilson Middle School

  • 1138 Cardenas Dr SE

  • 0.17 miles

  • Public District Grades 6-8

High School

school-card-donut-1898147
3
/10

  • Highland High School

  • 4700 Coal Ave SE

  • 0.99 miles

  • Public District Grades 9-12

school-card-donut-1898148
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.84 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,081. The majority of Albuquerque, NM residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›1028 Alvarado Dr SE

This home is located at 1028 Alvarado Dr SE in Albuquerque, NM and zip code 87108 in the South San Pedro neighborhood. This home, which was built in 1955, sits on a 0.37 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 05, 2024 and is currently priced at $1,250,000.

In March 2024 more than 141 listings in Albuquerque, NM were sold above the asking price. During the same period more than 121 listings were sold at asking price, while more than 217 were sold below. The inventory of homes for sale in Albuquerque, NM between February 2024 and March 2024 decreased by 8.3%. The median list price of listings available in March 2024 was $335,689, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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