Map
Listed price in listed location currency (USD).
$798,456

880

MLS® 1104663

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 2688 sqft
Garage 
Taxes $5,451
Days Active 116
Lot Size 0.16 Acres
Approx. Age 1970
Avg. Price Per Sqft $297
MLS® Number 1104663

Property Address: 635 & 637 Mesilla Street Se, Albuquerque, NM, 87108

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a unit mix of 1-bedroom/1-bath catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 7.37% cap rate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market. A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk.
MLS® Number1104663
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1970
Basement
Driveway
Garage Spaces
HeatCentral
A/CEvaporative Cooling

Extras

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