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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Jordan O'Bryan

Jordan O'Bryan

+1(505) 264-0304
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 SCHOOL & BUSINESS

Jordan O'Bryan

+1(505) 264-0304

jordan.obryan@purelyabq.com

150 Washington Avenue Ste. 201, Fe, NM, 87501, United States

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631 & 633 Mesilla ST SE