510 Mesilla Street Se, Albuquerque, NM

$772,863

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2

Beds

1

Bath

0.16

Acres

About 510 Mesilla Street Se

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 of 510 Mesilla Street Se

MLS® # 1028996
Price $772,863
Bedrooms 2
Bathrooms 1.00
Acres 0.16
Year Built 1960
Type Residential Income
Sub-Type Multi Family
Status Active
Is Green No
Guest House No

Community Information

Address 510 Mesilla Street Se
Area 71 - Southeast Heights
Subdivision Emil Mann
City Albuquerque
County Bernalillo
State NM
Zip Code 87108

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior

Interior Vinyl
Appliances Refrigerator
Heating Central, Forced Air
Cooling Evaporative Cooling
Fireplace No
# of Stories 1
Stories One

Exterior

Construction Frame
Builder Unknown

Additional Information

Date Listed February 1st, 2023
Days on Market 384
RE / Bank Owned No

Listing Details

OfficeNM Apartment Advisors, Inc.

Listing Map

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