635 Mesilla Street SE, Albuquerque, NM 87108

$798,456
8
BD
8
BA
2,688
SqFt
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List Price
$798,456
MLS#
1104663
Property Type
Multifamily
Bedrooms
8
Bathrooms
8
Sqft. of Residence
2,688
Lot Size
6,752
Region
Southeast Heights
Status
ACTIVE
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(505) 428-9547

Property Description

Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, 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.

(505) 428-9547
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Additional Information

County
Bernalillo
Subdivison
Emil Mann Addition
Acres
0.16
Exterior Features
Landscaping, Patio
Appliances
Convection Oven, Refrigerator
Construction
Brick
Cooling
Evaporative Cooling
Flooring
Carpet, Tile, Vinyl
Heating
Central
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning
R-ML*
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Calculator source: Real Geeks

Listing courtesy of Trey W. Whaley from Trinity Apartment Company LLC

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.