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    2841 Palo Verde Drive NE

    Albuquerque, NM 87112
    • $487,500
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: 993359
    UPDATED: 44 min ago
    $487,500
    • 3
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,371
      SQFT
    • $145
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    Highly coveted, and hard to find, NM Apartment Advisors is proud to bring to market a Pickard triplex located at 2841 Palo Verde NEThe Pickard Triplexes are named for developer and family friend, Grif Pickard, who developed a series of high end owner occupant style triplexes along the foothills. This high end NE heights location combined with owneroccupant style floorplans and 2 car garage make this equally attractive for an owner occupant or a sophisticated investor.At the ask price of $487,500, the measure of investment performance at current average rent of $1,050*, include GRM of 12.90, 5.04% Cap rate after reserves, and an after tax IRR of 17.70%. (* based on a rent increase effective July 1st, 2021).

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    IDX information © 2021 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 Berkshire Hathaway HomeServices. Data last updated: 2021-06-25T09:04:48.703.
    www.propertiesofsantafe.com/homes/117797485
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    2841 Palo Verde Drive NE Albuquerque, NM 87112

    • Price: $487,500
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 993359
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,371
    SQFT
    $145
    $/SQFT
    1979
    Built
    Neighborhood:
    Crestview Heights
    County:
    Bernalillo
    Area:
    51 - Foothills South
    Property Description
    Highly coveted, and hard to find, NM Apartment Advisors is proud to bring to market a Pickard triplex located at 2841 Palo Verde NEThe Pickard Triplexes are named for developer and family friend, Grif Pickard, who developed a series of high end owner occupant style triplexes along the foothills. This high end NE heights location combined with owneroccupant style floorplans and 2 car garage make this equally attractive for an owner occupant or a sophisticated investor.At the ask price of $487,500, the measure of investment performance at current average rent of $1,050*, include GRM of 12.90, 5.04% Cap rate after reserves, and an after tax IRR of 17.70%. (* based on a rent increase effective July 1st, 2021).
    Exterior Features

    Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 2 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring CarpetTileVinyl Heating Floor Furnace Heating YN Yes

    Property Features

    Additional Parcels YN Yes Builder Name Pickard Building Area Total 3371 Disclosures Ranm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 3128 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description Pd*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


    IDX information © 2021 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 Berkshire Hathaway HomeServices. Data last updated: 2021-06-25T09:04:48.703.
     
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    Berkshire Hathaway HomeServices
    433 Paseo De Peralta Suite 200
    Santa Fe NM, 87501