616 & 618 Mesilla ST SE, Albuquerque, NM 87108
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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Mark Rickert

Mark Rickert

+1(505) 600-3956
Listed by Trinity Apartment Company LLC
$ 444,272
Est. payment | /mo

2 Beds

4 Baths

2,218 SqFt

Save
$ 444,272
Est. payment | /mo
Save

2 Beds

4 Baths

2,218 SqFt

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

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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616 & 618 Mesilla ST SE