1008 Alvarado DR SE, Albuquerque, NM 87108
1008 Alvarado DR SE, Albuquerque, NM 87108
1008 Alvarado DR SE, Albuquerque, NM 87108
1008 Alvarado DR SE, Albuquerque, NM 87108
1008 Alvarado DR SE, Albuquerque, NM 87108
1008 Alvarado DR SE, Albuquerque, NM 87108
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Jeremiah Collins

Jeremiah Collins

+1(505) 710-5478
Listed by NAI SunVista Commercial RE
$ 1,739,530
Est. payment | /mo

1 Bed

2 Baths

6,090 SqFt

Save
$ 1,739,530
Est. payment | /mo
Save

1 Bed

2 Baths

6,090 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,090 sqft

Price per Sqft $285

Subdivision Virginia Place Add

MLS Listing ID 1104004

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1972

Annual Tax Amount $7,640

Lot Size 0.560 Acres

Acres 0.56

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

*Property is being sold as a package with 1024 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Wall Furnace

Cooling Refrigerated

Flooring Tile, Vinyl

Fireplace No

Appliance Free-Standing Gas Range, Refrigerator

Exterior

Exterior Feature Landscaping

Community Features Laundry Facilities

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101805614017631710

Acceptable Financing Cash, Conventional, Owner May Carry

Green/Energy Cert None

Listing Terms Cash, Conventional, Owner May Carry

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Jeremiah Collins

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 710-5478

redbooth@gmail.com

150 Washington Ave Suite 201, Santa Fe, NM, 87501, USA

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1008 Alvarado DR SE