Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
$772,863
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510 Mesilla Street Albuquerque, NM 87108
Multi-Family
Residence
2
Beds
1
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
1028996
Property Type
Multi-Family
Bedrooms
2
Bathrooms
Year Built
1960
Lot Size
0.16
Sewer
Sewer Connected
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