631 & 633 Mesilla ST SE, Albuquerque, NM 87108
631 & 633 Mesilla ST SE, Albuquerque, NM 87108
631 & 633 Mesilla ST SE, Albuquerque, NM 87108
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Mark Rickert

Mark Rickert

+1(505) 600-3956
Listed by Trinity Apartment Company LLC
$ 704,000
Est. payment | /mo

3 Beds

3 Baths

2,716 SqFt

Save
$ 704,000
Est. payment | /mo
Save

3 Beds

3 Baths

2,716 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,716 sqft

Price per Sqft $259

Subdivision The Emil Mann Addition

MLS Listing ID 1108552

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1971

Annual Tax Amount $5,451

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Multi Family

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 , catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 9.91% 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, resulting in solid operations and tenant stability

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Built-In Gas Range, Refrigerator

Exterior

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

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101905608736620308

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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631 & 633 Mesilla ST SE