Property Description

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 8-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 forthcoming wave of appreciation and rent growth.Measures of investment performance at ask price of $772,863 and current average rent of $856 are a GRM of 9.40, a 5.32% cap rate, $96,608 per unit, $128.81/sf.

Features
: Central, Forced Air
: Evaporative Cooling
: Refrigerator
$0
Address Map
NM
Bernalillo
Albuquerque
87108
510 Mesilla Street SE
0
W107° 26' 5.7''
N35° 4' 13.4''
Additional Information
NM Apartment Advisors, Inc.
Todd D Clarke
$0
0 Sqft
: Frame
318
71 - Southeast Heights
From Central and San Mateo south to Zuni, east to Mesilla, south to property.
$0
: Vinyl
Cash,Conventional,FHA
$0
1
101905610544621315
1
Emil Mann
$1,898
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
3.0%
20350995
71 - Southeast Heights

Residential Income

510 Mesilla Street SE, Albuquerque, New Mexico 87108

2 Bedrooms
1 Bathrooms
6,969.60 Sqft
Visits : 413 in 388 days
$772,863
Listing ID #1028996
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 1028996
Price : $772,863
Bedrooms : 2
Bathrooms : 1
Year Built : 1960
Acres : 0.16 Acre
Lot Area : 6,969.60 Sqft
Status : Active
Property Sub Type : Multi Family
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