512 Mesilla Street Se Albuquerque, NM 87108

4 Units
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$433,651 Est. $1,597 / mo.*
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Property Type: Quadruplex
Status: Active
Year Built: 1960
Neighborhood: Emil Mann
Days on Website: 5

Courtesy of NM Apartment Advisors, Inc..

Description

potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 4-plex is located in an area of that has had major announcements of new employment. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit, $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10%

Open House

Property Details and Features

  • Zip: 87108
  • Address: 512 Mesilla Street SE
  • Area: 71 - Southeast Heights
  • City: Albuquerque
  • State: NM
  • County: Bernalillo
  • Subdivision: Emil Mann
  • Directions: From Zuni and San Mateo east to Mesilla, south to property.
  • Description: Refrigerator
  • Total Bathrooms: 2
  • Area: 3000
  • Building Area: 3000
  • Construction Materials: Block,Frame,Stucco
  • Levels: One
  • Year Built: 1960
  • Details: EvaporativeCooling
  • Flooring: Carpet,Tile,Vinyl
  • Heating: WallFurnace
  • Days on Market: 0
  • Listing Price: 433651
  • Status: Active
  • Acres: 0.16
  • Size: 0
  • Size Source: PublicRecords
  • Parking Total: 6
  • Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$433,651 - 512 Mesilla Street Se, Albuquerque, NM 87108
512 Mesilla Street Se Albuquerque, NM 87108
Zip: 87108

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