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

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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