15 days on rocket

2900 Palo Verde Dr NE, Albuquerque, NM, 87112

$612,000

Home List Price

$7,268*

Closing Credit

1 Bedroom
1 Bath
Multi
Schools Nearby

Location

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2900 Palo Verde Dr NE, Albuquerque$612,000

Buyer Closing Credits

$7,268*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1979
HeatingCentral, Forced Air
CoolingEvaporative Cooling
FireplaceOption
MLS #1062424
Lot Size0.19 Acres
StatusActive

About 2900 Palo Verde Dr NE

Explore prime investment potential in this Albuquerque fourplex! Situated in the sought-after Foothills area east of Tramway Blvd, this property offers a rare opportunity. Each unit features desirable amenities like in-unit washer/dryer and stylish tile/wood floors, and fireplaces. TPO roof and other upgrades in the last few years. Plus, tenants will enjoy outdoor space with enclosed backyards. 1.5 parking spaces per unit (6 total) and a stable 5.6% cap rate from full occupancy, this investment is a solid choice for savvy investors. Don't let this rare chance slip by!

Property Details

Property Features

Property Information:

  • Year Built: 1979
  • Stories: 1

Listing Office:

  • Office Name: 360 Ventures Real Estate
  • Office Phone: (505) 750-3360
  • Listing Agent: David M Stafford

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Tile, Wood
  • Fireplace: Option

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Lighting

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

  • Eldorado High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Hoover Middle School, Public District Grades 6-8
  • Matheson Park Elementary School, Public District Grades KG-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Tramway and Candelaria

Price Information

Listing Price Info

Price Summary:

  • List Price: $612,000

Tax Information:

  • Annual Amount: $4,349
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$335.6K

Med. Price/SqFt

$201

Avg. Days On Market

26

# of Sold Homes

556

2900 Palo Verde Dr NE vs Albuquerque

15 DAYS ON ROCKET

-11 Days

$612,000

+$276.3K More

KEY TAKEAWAY

This property is $276.3K more than the Median Sold Price in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1062424

Listing Office:

  • Office Name: 360 Ventures Real Estate
  • Office Phone: (505) 750-3360
  • Listing Agent: David M Stafford

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 3:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,349$101,387
2019$4,070$98,434
2018$3,946$95,567
2017$3,946$92,784

History based on county public records data.

Payment Calculator

$3,122

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,901

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6028758
3
/10

  • Matheson Park Elementary School

  • 10809 Lexington Ave NE

  • 1.39 miles

  • Public District Grades KG-5

school-card-donut-6028759
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 9.20 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6028760
4
/10

  • Hoover Middle School

  • 12015 Tivoli Ave NE

  • 0.78 miles

  • Public District Grades 6-8

High School

school-card-donut-6028761
5
/10

  • Eldorado High School

  • 11300 Montgomery Blvd NE

  • 1.37 miles

  • Public District Grades 9-12

school-card-donut-6028762
6
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 5.09 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $67,411. Residents of Albuquerque, NM typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87112›2900 Palo Verde Dr NE

This home is located at 2900 Palo Verde Dr NE in Albuquerque, NM and zip code 87112 in the Cibola neighborhood. This home, which was built in 1979, sits on a 0.19 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $612,000.

While more than 170 listings in Albuquerque, NM in April 2024 were sold above asking price, there were more than 156 listings sold at asking price, and more than 230 were sold below. The inventory of homes for sale in Albuquerque, NM between March 2024 and April 2024 decreased by 4.2%. In April 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $335,623.

From Rocket Homes Real Estate and based on county public records data.

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