1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
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Jeremiah Collins

Jeremiah Collins

+1(505) 710-5478
Listed by NAI SunVista Commercial RE
$ 1,660,470
Est. payment | /mo

3 Beds

3 Baths

8,360 SqFt

Save
$ 1,660,470
Est. payment | /mo
Save

3 Beds

3 Baths

8,360 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,360 sqft

Price per Sqft $198

Subdivision Virginia Place Addition

MLS Listing ID 1104005

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1955

Annual Tax Amount $5,300

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

*Property is being sold as a package with 1008 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 Evaporative Cooling

Flooring Vinyl

Fireplace No

Appliance Dishwasher, Free-Standing Gas Range, Refrigerator

Exterior

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 101805614016331713

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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1024 Alvarado DR SE #APT 6