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609 Mesilla Street SE
609 Mesilla Street SE
609 Mesilla Street SE
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Courtesy of Trinity Apartment Company LLC
$1,144,491

609 Mesilla Street SE

9 Beds 7 Baths 6,896 Sq.Ft. 0.31 Acres

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Description

Exceptional opportunity to acquire a 13-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 8.35% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market.A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk.The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep, resulting in solid operations and tenant stability

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Location

609 Mesilla Street SE, Albuquerque, NM 87108

Status

For Sale

Property Amenities

Interior
Appliances Built-In Gas Range, Refrigerator
Flooring Carpet, Tile, Vinyl
Total Bedrooms: 9
Area & Lot
Total area 6,896 Sq.Ft.
Lot Area 0.31 Acres
Living area 6,896 Sq.Ft.
MLS® ID 1108384
Year Built 1984
Type Multi-Family
Status For Sale
Exterior
Stories 2
Air conditioning Evaporative Cooling
Heat type Wall Furnace
Green Feature None
Other Exterior Features Landscaping
Utilities Electricity Connected, Sewer Connected, Water Connected
Finance
Sales Price $1,144,491
Real Estate Tax $15,448 yearly
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Thank you for your interest in 609 Mesilla Street SE, Albuquerque, NM 87108. We are reviewing your request and will be in touch shortly!
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609 Mesilla Street SE
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609 Mesilla Street SE, Albuquerque, NM 87108

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If you are looking for a real estate company that is committed to providing its clients with the best possible experience, look no further than K2 Omni Pindrop. Contact us today to learn more!

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Contact Details

K2 OmnI Group

Roanoke TX 76262