525 MESILLA Street SE new Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $250
MLS Listing ID 1083276
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1950
Annual Tax Amount $2,186
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
Fully occupied & recently renovated 6-plex in SE Albuquerque, offering strong income and low-maintenance ownership. All six 1BD/1BA units have updated kitchens, LVT flooring, tiled baths, and fresh finishes. Major mechanical upgrades include commercial-grade gas tankless water heaters and modern systems. Currently producing strong cash flow with proven rental demand. Cap rate at 6.9% with room to optimize. Ideal for buy-and-hold investors seeking stability and upside. All-electric units, landlord pays utilities. Showings by appointment only--please do not walk property or disturb tenants.
Location
State NM
County Bernalillo
Area 71 - Southeast Heights
Interior
Interior Features Ceiling Fan(s)
Heating Baseboard
Cooling Evaporative Cooling, Ceiling Fan(s)
Flooring Vinyl
Fireplace No
Appliance Free-Standing Electric Range,Refrigerator,Range Hood
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101905608842621206
Acceptable Financing Cash,Conventional,Other,See Remarks
Green/Energy Cert None
Listing Terms Cash,Conventional,Other,See Remarks