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Listed by NM Apartment Advisors, Inc.

$433,651

Est. payment - /mo

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Active

512 Mesilla ST SE Albuquerque, NM 87108

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Evan Fraley

evan@gobignm.com +1(505) 312-4554

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $144

Subdivision Emil Mann

MLS Listing ID 1077102

Bedrooms 2

Construction Status Resale

HOA Y/N No

Year Built 1960

Annual Tax Amount $3,708

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 4-plex is located in an area of that has had major announcements of new employment. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit, $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10%

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Refrigerator

Exterior

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

Total Parking Spaces 6

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101905610544221316

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

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Evan Fraley

Realtor | License ID: 54480

+1(505) 312-4554

512 Mesilla ST SE Albuquerque, NM 87108

Evan Fraley

Key Details

Location

Interior

Exterior

Building

Others

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512 Mesilla ST SE