Bought with Realty One of New Mexico
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510 Mesilla ST SE Albuquerque, NM 87108
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Key Details
Sold Price $432,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $144
Subdivision Emil Mann
MLS Listing ID 1058525
Sold Date 01/21/25
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1960
Annual Tax Amount $3,691
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
Measure of investment performance include 6.45% cap rate at $449,114 ask price.The prior owner remodeled the property with a new roof, new windows, syntheticstucco, hard surface flooring, new lighting, new vanities, washer/dryers newevaporative coolers updated electrical, wrought iron security fence, new toilets aswell 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.Couple that with the impact of the citywide expansion of Netflix, Facebook,Intel and Amazon and this property is well positioned to enjoy the forthcomingwave of appreciation and rent growth.
Location
State NM
County Bernalillo
Area 71 - Southeast Heights
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101905610544621315
Acceptable Financing Cash, Conventional, FHA
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA
Financing Conventional
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