609 Mesilla ST SE, Albuquerque, NM 87108
609 Mesilla ST SE, Albuquerque, NM 87108
609 Mesilla ST SE, Albuquerque, NM 87108
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Listed by Trinity Apartment Company LLC
$1,144,491
Est. payment /mo
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9 Beds
7 Baths
6,896 SqFt
New

609 Mesilla ST SE Albuquerque, NM 87108

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Jeff Rose

Jeff Rose

+1(505) 205-4175

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,896 sqft

Price per Sqft $165

MLS Listing ID 1108384

Bedrooms 9

Construction Status Resale

HOA Y/N No

Year Built 1984

Annual Tax Amount $15,448

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property 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

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Built-In Gas Range, Refrigerator

Exterior

Exterior Feature Landscaping

Community Features Laundry Facilities

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101905608738320311

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)
Nearby Locations

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Jeff Rose

Jeff Rose

License ID: 17279

+1(505) 205-4175

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609 Mesilla ST SE