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    BEDS
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    1/2 BATHS
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Listing Details

Status
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MLS #
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Neighborhood
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Type
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School Ratings & Info

Description

Hard-to-find remodeled 8-plex at 6.6% cap rate! Easily improvable to 7.1%! Perfect for an investor who is looking for a high return with the major improvements already completed. 2020 remodel includes new roof, windows, updated electrical panels, synthetic stucco, evaporative coolers, washers and dryers, bath vanities, toilets, paint and wrought iron privacy gate. Other updates include many new water heaters and heaters, and solid surface flooring. No carpet in any of these units. This offering is part of a 37-unit portfolio. For details see attachment.

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IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Keller Williams Realty. Data last updated: 2021-09-17T00:04:56.7.
www.albuquerquehomefinders.com/homes/120647164
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510 & 512 Mesilla Street SE Albuquerque, NM 87108

  • Price: $699,500
  • Status: Active
  • Updated: 144 min ago
  • MLS #: 999286
2
Beds
0
Baths
0
½ Baths
0.16
Acres
5,200
SQFT
$135
$/SQFT
1960
Built
Neighborhood:
71 - Southeast Heights
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
Hard-to-find remodeled 8-plex at 6.6% cap rate! Easily improvable to 7.1%! Perfect for an investor who is looking for a high return with the major improvements already completed. 2020 remodel includes new roof, windows, updated electrical panels, synthetic stucco, evaporative coolers, washers and dryers, bath vanities, toilets, paint and wrought iron privacy gate. Other updates include many new water heaters and heaters, and solid surface flooring. No carpet in any of these units. This offering is part of a 37-unit portfolio. For details see attachment.
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Parking Total 8

Interior Features

Appliances DryerFree-Standing Electric RangeMicrowaveRefrigeratorWasher Basement YN No Bathrooms Total Integer 1 Cooling Evaporative CoolingCeiling Fan(S) Cooling YN Yes Electric None Flooring LaminateTile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Accessibility Features None Additional Parcels YN Yes Builder Name Unknown Building Area Total 5200 Disclosures Lead Based Paint DisclosurePrincipal is Real Estate LicensedRanm 2100 Disclosure Gross Income 46337 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 30188 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 3734 Tenant Pays OtherSee Remarks Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedWater Connected Zoning Description R-Ml*

Listing courtesy of Dave Slade & Associates Llc. © 2021 Southwest Multiple Listing Service, Inc.


IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Keller Williams Realty. Data last updated: 2021-09-17T00:04:56.7.
 
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Keller Williams Realty
6703 Academy Road NE
Albuquerque NM, 87109