609-641 Mesilla ST SE, Albuquerque, NM 87108
609-641 Mesilla ST SE, Albuquerque, NM 87108
609-641 Mesilla ST SE, Albuquerque, NM 87108
609-641 Mesilla ST SE, Albuquerque, NM 87108
609-641 Mesilla ST SE, Albuquerque, NM 87108
609-641 Mesilla ST SE, Albuquerque, NM 87108
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Susan Buchman

Susan Buchman

+1(505) 554-4173
Listed by Trinity Apartment Company LLC
$ 4,989,000
Est. payment | /mo

3 Beds

3 Baths

0.31 Acres Lot

Save
$ 4,989,000
Est. payment | /mo
Save

3 Beds

3 Baths

0.31 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1110504

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1984

Annual Tax Amount $15,448

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Exceptional opportunity to acquire a 57-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 9,41% 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 in come and reducing collection risk. The property has been well maintained by hands-on local owner who has taken pride in managementand up keep, resulting in solid operations and tenant stability. Investment Highlights: 57 total units (1BR/1BA & 2BR/1BA mix) Strong cap rate with in-place income. Voucher-backed tenants providing consistent revenue. Well-maintained asset with pride of ownershipLocated in a high-demand workforce housing area. This is a rare opportunity to acquire a cash-flowing multifamily asset with scale, stability, and flexibility in Albuquerque.

Location

State NM

County Bernalillo

Area 71 - Southeast Heights

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Built-In Gas Range, Refrigerator

Exterior

Exterior Feature Landscaping

Community Features Laundry Facilities

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101905608738320311

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)
Nearby Locations
Susan Buchman

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 554-4173

susan@thebuchmangroup.com

4313 Corrales Rd, Corrales, New Mexico 87048, USA

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609-641 Mesilla ST SE