613 Mesilla ST SE, Albuquerque, NM 87108
613 Mesilla ST SE, Albuquerque, NM 87108
613 Mesilla ST SE, Albuquerque, NM 87108
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Mark Rickert

Mark Rickert

+1(505) 600-3956
Listed by Trinity Apartment Company LLC
$ 1,397,298
Est. payment | /mo

14 Beds

14 Baths

6,408 SqFt

Save
$ 1,397,298
Est. payment | /mo
Save

14 Beds

14 Baths

6,408 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,408 sqft

Price per Sqft $218

Subdivision Emil Mann Add

MLS Listing ID 1105932

Bedrooms 14

Construction Status Resale

HOA Y/N No

Year Built 1974

Annual Tax Amount $8,042

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Exceptional opportunity to acquire a 14-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 7.70% 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.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Forced Air

Cooling Evaporative Cooling

Flooring Carpet, Laminate, Tile, Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Exterior Feature Landscaping

Community Features Deck/ Porch, Storage Facilities

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

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101905608737420309

Acceptable Financing Cash, Conventional, Owner May Carry

Green/Energy Cert None

Listing Terms Cash, Conventional, Owner May Carry

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Mark Rickert

"My job is to provide you with concierge level service and to provide you with incredible service with exceptional results!" 

+1(505) 600-3956

mark@rickertpg.com

150 Washington Ave, Santa Fe, NM, 87501, USA

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613 Mesilla ST SE