REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mark Rickert

mark@rickertpg.com +1(505) 616-4663

Listed by Coldwell Banker Legacy

$ 560,000

Est. payment | -/mo

10 Beds

6 Baths

4,248 SqFt

Save

$ 560,000

Est. payment | -/mo

Save

10 Beds

6 Baths

4,248 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,248 sqft

Price per Sqft $131

MLS Listing ID 1110109

Bedrooms 10

Construction Status Resale

HOA Y/N No

Year Built 1963

Annual Tax Amount $2,735

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions Survey

Property Sub-Type Multi Family

Property Description

This well-maintained 6-unit multifamily investment property offers an excellent opportunity to acquire a centrally located, income-producing asset with significant recent capital improvements. The property consists of two separately deeded triplexes at 501 and 505, which are being sold together, providing a total of approximately 4,248 square feet across six residential units.The property features a desirable mix of two 1-bedroom/1-bath units and four 2-bedroom/1-bath units, with functional floor plans and a courtyard-style configuration that appeals to tenants seeking convenience and affordability.Ownership has completed numerous improvements throughout the property. Recent upgrades include evaporative cooling, replacement windows in 501 B & C and 505 B, remodeled interiors in select units, durable tile flooring, recessed lighting, and 80% energy-efficient furnaces in select units. Roofing improvements include an ISO roof at 501 completed within approximately the last two years and a TPO roof at 505 completed within approximately the last seven years. All month to month tenants. Unit Mix501Unit A -- 571 SF | 1 BD / 1 BAUnit B -- 571 SF | 1 BD / 1 BAUnit C -- 833 SF | 2 BD / 1 BA505Unit A -- 704 SF | 2 BD / 1 BAUnit B -- 759 SF | 2 BD / 1 BAUnit C -- 810 SF | 2 BD / 1 BA -vacant needs renoTotal Building Area: Approximately 4,248 SFTotal Units: 6Current Monthly Rent: $6,281Annualized Current Rent: $75,372With an established income stream, substantial recent improvements, and a versatile unit mix, this property presents an attractive opportunity for an investor seeking an improved multifamily asset with continued income and long-term appreciation potential. Vacant unit needs renovation. From owner between $10-25k depending on preference to be rented.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Forced Air

Cooling Evaporative Cooling

Flooring Carpet Free

Fireplace No

Appliance Down Draft, Free-Standing Electric Range

Exterior

Exterior Feature Landscaping

Utilities Available Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Available, Water Connected

Water Access Desc Community/Coop

Building

Story 1

Entry Level One

Water Community/ Coop

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101905608745621223

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Nearby Locations

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

+1(505) 616-4663

mark@rickertpg.com

150 Washington Ave, Santa Fe, NM 87501, USA

501-505 Mesilla ST SE Albuquerque, NM 87108

Mark Rickert

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

501-505 Mesilla ST SE