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
Evaporative Cooling: Yes

Basement

Basement: 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

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101805614015331714

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 3600.78

Construction Materials

Brick: Yes
Frame: Yes
Stucco: Yes

Amenities

Outside Lights: Yes
Some Landscaping: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Wall Unit: Yes

Owner Pays

Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Water: Yes

Build Description

Resale: Yes

Appliances included

Fan/Hood: Yes
Refrigerator: Yes

Utilities

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Connected: Yes
Water Available: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Parking

1 Space Per Unit: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Call Listing Broker: Yes

Source

Broker Provided: Yes

Zoning

MX-M*: Yes

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

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