2841 Palo Verde Ne Drive, Albuquerque, NM 87112

$487,500
3
BD
2
BA
3,371
SqFt
List Price
$487,500
MLS#
993359
Status
ACTIVE
Number of Units
3
County
Bernalillo
City
Albuquerque
Subdivision
Crestview Heights
Bedrooms
3
Bathrooms
2
Living Area
3,371
Acres
0.19

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).

Additional Information

Days on Market
10
Year Built
1979
Stories
1
Cooling
Evaporative Cooling
Heating
Floor Furnace
Exterior Features
Landscaping

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.