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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Listed by Trinity Apartment Company LLC
$1,397,298
Est. payment /mo
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14 Beds
14 Baths
6,408 SqFt
New

613 Mesilla ST SE Albuquerque, NM 87108

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Michael Valles

Michael Valles

+1(505) 681-3681

UPDATED:

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

Province 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 SCHOOL & BUSINESS

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Michael Valles

+1(505) 681-3681

michaelluciano.valles@exprealty.com

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613 Mesilla ST SE