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!
Property Details
Property Features
Property Information:
Year Built: 1979
Stories: 1
Listing Office:
Office Name: 360 Ventures Real Estate
Office Phone: (505) 750-3360
Listing Agent: David M Stafford
Interior Features
Interior Information:
Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
Basement: No
Flooring Type: Tile, Wood
Fireplace: Option
Bedroom and Bathroom Information:
Total Bedroom Count: 1
Exterior Features
Exterior Information:
Exterior: Lighting
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Central, Forced Air
Cooling: Evaporative Cooling
School Info
Assigned Schools Information:
Eldorado High School, Public District Grades 9-12
Nex Gen Academy, Public District Grades 9-12
Hoover Middle School, Public District Grades 6-8
Matheson Park Elementary School, Public District Grades KG-5
Coronado Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Tramway and Candelaria
Price Information
Listing Price Info
Price Summary:
List Price: $612,000
Tax Information:
Annual Amount: $4,349
Tax Year: 2020
What can I afford?
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Housing Market Comparison
See how this home compares to others in Albuquerque, NM.
This property is $276.3K 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: #1062424
Listing Office:
Office Name: 360 Ventures Real Estate
Office Phone: (505) 750-3360
Listing Agent: David M Stafford
The 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.
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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
3
/10
Matheson Park Elementary School
10809 Lexington Ave NE
Distance between this listing and this school1.39 miles
Public District Grades KG-5
6
/10
Coronado Elementary School
601 4th St SW
Distance between this listing and this school9.20 miles
Public District Grades KG-5
Middle School
4
/10
Hoover Middle School
12015 Tivoli Ave NE
Distance between this listing and this school0.78 miles
Public District Grades 6-8
High School
5
/10
Eldorado High School
11300 Montgomery Blvd NE
Distance between this listing and this school1.37 miles
Public District Grades 9-12
6
/10
Nex Gen Academy
5323 Montgomery Blvd NE
Distance between this listing and this school5.09 miles
Public District Grades 9-12
Assigned Schools
3
/10
Matheson Park Elementary School
10809 Lexington Ave NE
Distance between this listing and this school1.39 miles
Public District Grades KG-5
6
/10
Coronado Elementary School
601 4th St SW
Distance between this listing and this school9.20 miles
Public District Grades KG-5
Nearby Schools
8
/10
Onate Elementary School
12415 Brentwood Hills Blvd NE
Distance between this listing and this school0.75 miles
Public District Grades PK-5
Assigned Schools
4
/10
Hoover Middle School
12015 Tivoli Ave NE
Distance between this listing and this school0.78 miles
Public District Grades 6-8
Nearby Schools
6
/10
Southwest Primary Learning Center
10301 Candelaria Rd NE
Distance between this listing and this school1.67 miles
Public Charter Grades 4-6
8
/10
Southwest Intermediate Learning Center
10301 Candelaria Rd NE
Distance between this listing and this school1.67 miles
Public Charter Grades 7-8
Assigned Schools
5
/10
Eldorado High School
11300 Montgomery Blvd NE
Distance between this listing and this school1.37 miles
Public District Grades 9-12
6
/10
Nex Gen Academy
5323 Montgomery Blvd NE
Distance between this listing and this school5.09 miles
Public District Grades 9-12
Nearby Schools
8
/10
Sw Aeronautics Mathematics and Science Academy
10301 Candelaria Rd Nw
Distance between this listing and this school1.66 miles
The neighbors living near this home have an average income of $67,411. Most Albuquerque, NM residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 2900 Palo Verde Dr NE in Albuquerque, NM and zip code 87112 in the Cibola neighborhood. This home, which was built in 1979, sits on a 0.19 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $612,000.
Over 170 listings were sold over their listed price in April 2024 in Albuquerque, NM. In the same period over 230 listings were sold below the listed price and 156 listings were sold for the listed price. The number of homes for sale in Albuquerque, NM decreased by 4.2% between March 2024 and April 2024. In April 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $335,623.
From Rocket Homes Real Estate and based on county public records data.