8 months on rocket

1028 Alvarado Dr SE, Albuquerque, NM, 87108

$1,030,000

Home List Price

$10,000*

Closing Credit

1 Bedroom
1 Bath
Multi

Location

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1028 Alvarado Dr SE, Albuquerque$1,030,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1955
HeatingWall Furnace
CoolingEvaporative Cooling
MLS #1058187
Lot Size0.37 Acres
StatusActive

About 1028 Alvarado Dr SE

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.

Property Details

Property Features

Property Information:

  • Year Built: 1955

Listing Office:

  • Office Name: R1 Commercial
  • Office Phone: (505) 883-9400
  • Listing Agent: Trey W. Whaley

Interior Features

Interior Information:

  • Appliances: Refrigerator, Range Hood
  • Basement: No
  • Flooring Type: Carpet, Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Landscaping, Lighting

Lot Features

Lot Information:

  • Lot Size: 0.37 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: Google maps.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,030,000

Tax Information:

  • Annual Amount: $3,631
  • 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

$344K

Med. Price/SqFt

$204

Avg. Days On Market

33

# of Sold Homes

530

1028 Alvarado Dr SE vs Albuquerque

257 DAYS ON ROCKET

+224 Days

$1,030,000

+$685.9K More

KEY TAKEAWAY

This property is $685.9K 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: #1058187

Listing Office:

  • Office Name: R1 Commercial
  • Office Phone: (505) 883-9400
  • Listing Agent: Trey W. Whaley

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: 11/18/2024, 1:20:47 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$3,631$84,658
2019$3,606$84,658
2018$3,600$84,658
2017$3,600$84,658

History based on county public records data.

Payment Calculator

$5,208

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,154

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NMLS#3030

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.

Nearby Schools

school-card-donut-685967
4
/10

  • Whittier Elementary School

  • 1110 Quincy St SE

  • 0.42 miles

  • Public District Grades PK-5

school-card-donut-685968
2
/10

  • Emerson Elementary School

  • 620 Georgia St SE

  • 0.69 miles

  • Public District Grades PK-5

school-card-donut-685969
1
/10

  • Wherry Elementary School

  • Bldg 25000th Kafb East

  • 1.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,081. Most Albuquerque, NM residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›1028 Alvarado Dr SE

This home is located at 1028 Alvarado Dr SE in Albuquerque, NM and zip code 87108 in the South San Pedro neighborhood. This home, which was built in 1955, sits on a 0.37 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 05, 2024 and is currently priced at $1,030,000.

Albuquerque, NM housing market in October 2024 saw over 94 listings sold above listed price, more than 148 sold at listed price and over 288 sold below. Between September 2024 and October 2024, Albuquerque, NM real estate market has seen decrease in the number of listings by 8.2%. In October 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $344,019.

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

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