433 Mesilla & 437 (4 lots) Street SE, Albuquerque, NM 87108
- $2,323,232
- 3
- BD
- 2
- BA
- 14,688
- SqFt
- List Price
- $2,323,232
- MLS#
- 1105475
- Property Type
- Multifamily
- Bedrooms
- 3
- Bathrooms
- 2
- Sqft. of Residence
- 14,688
- Lot Size
- 25,997
- Region
- Southeast Heights
- Status
- ACTIVE
Property Description
Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the original developer was Weldon ''Connie'' Alexander, who was the voice of the UNM Lobos for over a decade. Connie was a UNM athlete and inducted into the UNM Sports Hall of Fame in 2003. As a local lender, investor, landlord and community leader, he led the charge for the rebranding of this neighborhood to support Ta-Lin and the cultural diversity as the ''International District''.Measures of investment performance at the current asking price of $2,323,232 and with average rents of $755, include a low price per unit of $72,601, a price per square foot of $158, a GRM of 8.02, a cap rate of 6.33%, and
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Additional Information
- County
- Bernalillo
- Subdivison
- Emil Mann Addition
- Acres
- 0.60
- Appliances
- Refrigerator
- Construction
- Stucco
- Cooling
- Evaporative Cooling
- Flooring
- Tile, Vinyl
- Heating
- Wall Furnace
- Owner Pays
- Other, See Remarks
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Zoning
- R-MH*
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Listing courtesy of Todd D Clarke from 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.