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510 MESILLA ST SE ALBUQUERQUE, NM 87108
- Multi-family (5 or more units) / Resale (MLS)
Property Details for 510 MESILLA ST SE, ALBUQUERQUE, NM 87108
Features
- Price/sqft: $149
- Lot Size: 6752 sq. ft.
- Total Units: 4
- Total Rooms: 2
- Room List: Bedroom 1, Bedroom 2
- Stories: 100
- Roof Type: FLAT
- Heating: Central Furnace,Forced Air
Facts
- Year Built: 01/01/1960
- Property ID: 781671012
- MLS Number: 1058525
- Parcel Number: 1-019-056-105-446-2-13-15
- Property Type: Multi-family (5 or more units)
- County: BERNALILLO
- Legal Description: * 003 013EMIL MANN ADD
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.
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Property Brokerage:
NM Apartment Advisors Inc.
524 Central Ave. SW Suite 801
Albuquerque
NM
87102
Copyright © 2024 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.