BEDS8
BATHS
SQUARE FEET2,688
MLS#1104663
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONEmil Mann Addition
Property Description
Exceptional opportunity to acquire a 8-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 7.37% 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central
Lot Size: 0.16 Acres
Stories: 1.0
Taxes: $5,451
Year Built: 1970
Amenities
Landscaping
Patio
Feature Descriptions
Appliances: Convection Oven, Refrigerator
Community Features: Patio
Exterior: Brick
Flooring: Carpet, Tile, Vinyl
Parcel#: 101905608735620306
Patio/Porch: Patio
Units: 8
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: Trinity Apartment Company LLC
Agency Phone: (505) 622-3240
Shown By
Agent Name: Derick Romero
Agent Phone: Cell: (505) 470-4347
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 2,464.15 per month $1,777.02 Principal & Interest $454.25 Property Tax $232.88 Homeowner's Insurance
635 Mesilla Street Se | MLS# 1104663
This multi-family property located at 635 Mesilla Street Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $798,456. Search Albuquerque real estate on derickr.cblegacy.com today.