Home / Albuquerque / Southeast Heights / Emil Mann / MLS #1077102

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512 Mesilla Street SE

Albuquerque, NM 87108

$433,651

2 bd • 1 ba • 3,000 sqft • 0.16 acres

1 Story

Stories

$145

Per SQFT

1960

Year Built

01/25/2025

Listing Date

1077102

Listing #

87108

Zip Code

About This Property

potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.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 4-plex is located in an area of that has had major announcements of new employment. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit, $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10%

Interior

Bathrooms Total: 1

Appliances: Refrigerator

Flooring: Carpet, Tile, Vinyl

Building And Construction

Property Type: Residential Income

Property Sub Type: Quadruplex

Building Area Total: 3,000 sqft

Year Built: 1960

Construction Materials: Block, Frame, Stucco

Levels: One

Number Of Units Total: 4

Stories: 1

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.16

Lot Size Square Feet: 6969.6

Parking Total: 6

Provisional

MLS #: 1077102

Gross Income: 41325

Listing Terms: Cash, Conventional, FHA, VA Loan

Number Of Buildings: 1

Operating Expense: 13138

Tenant Pays: Other, See Remarks

Area And Schools

City: Albuquerque

Postal Code: 87108

MLS Area Major: Southeast Heights

Subdivision: Emil Mann

County: Bernalillo

Parcel Number: 101905610544221316

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Cooling: Evaporative Cooling

Heating: Wall Furnace

Heating (Y/N): Yes

Location

Directions: From Zuni and San Mateo east to Mesilla, south to property.

Listing courtesy of NM Apartment Advisors, Inc.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.