Pending For Sale Multifamily

512 Mesilla St SE

512 Mesilla St SE, Albuquerque, NM, 87108

ID a3c1c17e

Overview

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market such a well-priced, updated 4-plex with sizeable two bedroom, one-bathroom units and secured courtyard entry.Recent building modernization includes: updated windows, synthetic stucco, hard surface flooring, modern lighting, updated vanities, washer/dryers, updated electrical, wrought iron security fencing, updated toilets, as well as more recent updates to some of the mechanical systems on the property.Exceptional and very rare opportunity for such a well-updated 4-plex priced with an 8 Cap and nearly a 10% cash on cash return for an owner occupant or a 7.2 Cap for an investor with professional property management.

Additional Information

City
Albuquerque
State
NM
Zip Code
87108
Primary Uses
Multifamily
Secondary Uses
Duplex/Quadplex
Zoning
R-ML
Zoning Description
Multifamily Low Density Residential
Building Name
512 Mesilla SE
Year Built
1,960
Parking Ratio
2
Parking Spaces
6
Total Units
4
Laundry
In Each Unit
Average Occupancy Rate
100%