BEDS14
BATHS
SQUARE FEET6,408
MLS#1105932
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONEmil Mann Add
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Forced Air
Lot Size: 0.28 Acres
Stories: 2.0
Taxes: $8,042
Year Built: 1974
Amenities
Landscaping
Feature Descriptions
Appliances: Refrigerator
Community Features: Deck/Porch, Storage Facilities
Days on Site: 35
Exterior: Adobe
Flooring: Carpet, Laminate, Tile, Vinyl
Parcel#: 101905608737420309
Units: 14
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: Trinity Apartment Company LLC
Agency Phone: (505) 622-3240
Shown By
Agent Name: Gene Della Maggiora
Agent Phone: Cell: (505) 585-5293
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 4,187.49 per month $3,109.78 Principal & Interest $670.17 Property Tax $407.55 Homeowner's InsuranceChange Payment Information
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613 Mesilla Street Se | MLS# 1105932
This multi-family property located at 613 Mesilla Street Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $1,397,298. Search Albuquerque real estate on www.genedellamaggiora.com today.