902 Palo Duro Ave NW
902 Palo Duro Ave NW Albuquerque, NM 87107
Overview
Two vacant units-updated throughout! Wonderful opportunity for owner user, an affordable investment, or an extended family.
Both units have new LVT wood-look flooring, new carpet, designer lite fixtures, attractive tile & new windows. Classy kitchen w/ quartz counter tops, plenty of cupboard space, sparkling new stainless appliances & stylish farm sink.
Main unit of 911 SF. consists of 3 bedrooms, one full bath, living room, kitchen and washer-drier hook-ups. Estimated rent of $2000.
The casita of 785 SF. consists of 1 bedroom, 1 bath, living room and a kitchen. Estimated rent of $1400.
Total SF of both units is 1696 SF. Estimated cap rate of 7.4%.
Each unit has its own electrical meter. Long shared driveway that could park 4 -6 cars. Huge shared fenced backyard, and BACKYARD ACCESS. Prime location near shopping, schools, and restaurants.
A smart addition to your real estate portfolio!
Attachments
For Sale
Secondary Uses: Duplex/Quadplex
- Sale Price
- $425,000
- Cap Rate
- 7.4%
- Building Size
- 1,606 SF
- Acres
- 0.17 ac
- Zoning
- R-1C
- Zoning Description
- Single-Family (Large Lot)
- Gross Income
- $40,800
- Net Operating Income
- $8,976
- Total Expenses
- $31,824
- Building Name
- Two Renovated & ffordable NV Units
- Building Class
- A
- Floors
- 1
- Year Built
- 1945
- Parking Spaces
- 6
- Submarket
- North Valley
- Property Use Type
- Vacant/Owner-User
- Property Status
- Existing
- Total Units
- 2
- Laundry
- In Each Unit
- Ceiling Height
- 8' - 8'
- Nearest Interstate
- I-25 - 2.1 mi
- Nearest Highway
- I-25 - 2.1 mi
- Nearest Airport
- ABQ International Airport - 8.3 mi
- Power Provider
- City - PNM
- Water Provider
- City - ABQWUA
- Sewer Provider
- City - ABQWUA
- Natural Gas Provider
- City - NM Gas
- County
- Bernalillo
- Created
- 2024-12-24
- Updated
- 2025-01-06
- Listing ID
- 10120e16
- Parcel APN
- 101406124107730639