1028 Alvarado Drive SE, Albuquerque, NM 87108

$1,030,000

Property Type: Residential Income Lot Size (sq. ft.): 16,117 Status: Closed

Current Price: $1,030,000 List Date: 3/04/2024 Last Modified: 11/19/2025

Overview

Description

12 unit apartment complex for sale! back to market! Price has been lowered $220K, motivated seller priced to sell! The property is turn-key with over $200K in capex put into the property. All of the major components have been replaced/updated. Property consists of 9 top to bottom rehabbed units, newer windows, roof, electric panels, exterior paint, all new AC units, and newer wall heaters as well. Property brings in a total of $8,420 in rent monthly and has low operational costs.

Listing Details MLS# 1058187

Status Change Info

Pending Date: 2025-01-06
Closing Date: 2025-04-15

Contract Information

Allowance/Concession: No

Location

Street #: 1028
Street Name: Alvarado
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1693
MLS Area Major: 71 - Southeast Heights
Zone Atlas: L18

General Property Description

# of Units: 12
5+ Units: Yes
Units for Sale: 12
Property Sub-Type: Multi-Family
Lot Size Source: On-Line
Acres: 0.37
Lot SqFt: 16117.2
Directions: Google maps.
Stories: Yes
Total # of Buildings: 2
Year Built: 1955
Age: Select One
Accessory Dwelling Unit: No
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unkown
Owner Occupant Unit: No
Flood Zone: X

Cooling

Centrally Ducted: No

Basement

Basement YN: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 900
Market Rent: 625

# of Unit Types (2)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 600
Max Rent: 900
Market Rent: 825

# of Unit Types (3)

# of Units: Yes
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 850
Max Rent: 900
Market Rent: 825

# of Unit Types (4)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 700
Max Rent: 900
Market Rent: 825

# of Unit Types (5)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 625
Max Rent: 900
Market Rent: 825

# of Unit Types (6)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 625
Max Rent: 900
Market Rent: 825

# of Unit Types (7)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 900
Market Rent: 825

# of Unit Types (8)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 675
Max Rent: 900
Market Rent: 825

# of Unit Types (9)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 625
Max Rent: 900
Market Rent: 825

# of Unit Types (10)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 500
Max Rent: 900
Market Rent: 825

# of Unit Types (11)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 625
Actual Rent: 650
Max Rent: 900
Market Rent: 825

# of Unit Types (12)

# of Units: Yes
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 600
Max Rent: 900
Market Rent: 825

Unit Summary

Total Units: 12
Average Unit Size: 647.91
Average Actual Rent: 645.83
Annualized: 93000
Total Actual Rent: 7750

Property Features

Construction Materials: Brick; Frame; Stucco Build Description: Resale Amenities: Outside Lights; Some Landscaping Appliances included: Fan/Hood; Refrigerator Utilities: Electricity Available; Natural Gas Available; Sewer Connected; Water Available; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Carpet; Tile Green Energy Generation: None Electric Provider: Public Utility Owner Pays: Water Tenant Pays: Electric; Gas; Water Parking: 1 Space Per Unit Rental Info: Call Listing Broker Finance Considered: Cash; Conventional Source: Broker Provided Zoning: MX-M*

Documents

APOD ›

Listing Office: R1 Commercial

Last Updated: November - 19 - 2025

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-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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1028 Alvarado Drive SE, Albuquerque, NM 87108 (MLS# 1058187)

1028 Alvarado Drive SE, Albuquerque, NM 87108