616 & 618 Mesilla ST SE, Albuquerque, NM 87108
616 & 618 Mesilla ST SE, Albuquerque, NM 87108
616 & 618 Mesilla ST SE, Albuquerque, NM 87108
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Listed by Trinity Apartment Company LLC
$444,272
Est. payment /mo
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2 Beds
4 Baths
2,218 SqFt
New

616 & 618 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 2,218 sqft

Price per Sqft $200

MLS Listing ID 1108479

Bedrooms 2

Construction Status Resale

HOA Y/N No

Year Built 1946

Annual Tax Amount $8,042

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property 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.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Evaporative Cooling, Ceiling Fan(s)

Flooring Carpet, Laminate, Tile, Vinyl

Fireplace No

Appliance Built-In Gas Range, Refrigerator

Exterior

Exterior Feature Landscaping

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

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101905610537120417

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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616 & 618 Mesilla ST SE