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616 & 618 Mesilla Street SE
616 & 618 Mesilla Street SE
616 & 618 Mesilla Street SE
616 & 618 Mesilla Street SE
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Courtesy of Trinity Apartment Company LLC
$444,272

616 & 618 Mesilla Street SE

2 Beds 4 Baths 2,218 Sq.Ft. 0.31 Acres

Description

Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/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 8.74% caprate, 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

616 & 618 Mesilla Street SE, Albuquerque, NM 87108

Status

For Sale

Property Amenities

Interior
Appliances Built-In Gas Range, Refrigerator
Flooring Carpet, Laminate, Tile, Vinyl
Total Bedrooms: 2
Other Interior Features Ceiling Fan(s)
Area & Lot
Total area 2,218 Sq.Ft.
Lot Area 0.31 Acres
Living area 2,218 Sq.Ft.
MLS® ID 1108479
Year Built 1946
Type Multi-Family
Status For Sale
Exterior
Stories 1
Air conditioning Evaporative Cooling, Ceiling Fan(s)
Heat type Wall Furnace
Green Feature None
Other Exterior Features Landscaping
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Finance
Sales Price $444,272
Real Estate Tax $8,042 yearly
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 616 & 618 Mesilla Street SE, Albuquerque, NM 87108. We are reviewing your request and will be in touch shortly!

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Albuquerque / Rio Rancho

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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!