1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
1024 Alvarado DR SE #APT 6, Albuquerque, NM 87108
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Mark Rickert

Mark Rickert

+1(505) 600-3956
Listed by NAI SunVista Commercial RE
$ 1,660,470
Est. payment | /mo

3 Beds

3 Baths

8,360 SqFt

Save
$ 1,660,470
Est. payment | /mo
Save

3 Beds

3 Baths

8,360 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,360 sqft

Price per Sqft $198

Subdivision Virginia Place Addition

MLS Listing ID 1104005

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1955

Annual Tax Amount $5,300

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

*Property is being sold as a package with 1008 Alvarado Dr. SE* Offered at $3,400,000 ($79,070/unit), this 43-unit multifamily investment presents a compelling value-add opportunity with a 5.89% acquisition cap rate and a projected 6.42% pro forma cap rate. The property was 100% occupied as of March 2026 and features in-place rents estimated to be approximately 14% below market, providing meaningful revenue upside. Recent interior renovations have been completed throughout the majority of units, reducing near-term capital needs. Located within Albuquerque's established Southeast submarket, the property benefits from proximity to Kirtland Air Force Base, major employment centers, and convenient I-25 access. Seller financing is available.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Vinyl

Fireplace No

Appliance Dishwasher, Free-Standing Gas Range, Refrigerator

Exterior

Community Features Laundry Facilities

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101805614016331713

Acceptable Financing Cash, Conventional, Owner May Carry

Green/Energy Cert None

Listing Terms Cash, Conventional, Owner May Carry

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Mark Rickert

"My job is to provide you with concierge level service and to provide you with incredible service with exceptional results!" 

+1(505) 600-3956

mark@rickertpg.com

150 Washington Ave, Santa Fe, NM 87501, USA

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1024 Alvarado DR SE #APT 6