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Listing 8 out of 1,752
$275,000 For Sale

525 Mesilla Street SE
Albuquerque, NM 87108

6 units | Multi Family Home
6534 sq ft - MLS# 933586
Property Photo
1/37

Description

Enjoy the cash flow from these fully remodeled One bedroom apartments producing over 44k in gross annual income! Located in a high demand area! The entire neighborhood has had brand new sidewalks installed along with repaved roads (April 2019).These six units have been beautifully designed with new tile, modern colors and features, new shaker cabinets and countertops. All new efficient windows. These apartments feature all new appliances including ranges, refrigerators, and heating and cooling. New plumbing work has been done to both buildings and the bathrooms have been reconfigured for a better orientation. A new dual set of monster Rheem tankless hot water heaters allows for unlimited hot water for the whole building. Two storage closets are located between the buildings; one for the

DIRECTIONS: From Louisiana & Zuni, East To Mesilla. South On Mesilla To Property.

Features

  • Property Type: Multi Family Home
  • Sub Type: 6 Units
  • Listing Status: Active
  • County/Area: Bernalillo County
  • Zip Code: 87108
  • Year Built: 1950
  • Age: 61 - 70
  • Sq.Ft.: 2,134 sq ft
  • Stories: 1
  • Units: 6 units
  • Lot Size: 6534 sq ft
  • Zoning: R-ML*
  • 5+ Units: Yes
  • Amenities: Security Gate, Some Landscaping
  • Appliances included: Frestnd Elec Stv/Ovn
  • Construction: Block, Masonry
  • Cooling: Evaporative Cooling
  • Exterior Material: Stucco
  • Flooring: Tile
  • Heating: Electric, Perimeter/Baseboard
  • Income & Expenses: Annual Gross Income: 44040
  • Income & Expenses: Operating Expenses: 11533
  • Lot SqFt: 6747
  • Metering: Master Electric, Master Gas
  • Operating Expenses: Accounting And Legal, Insurance, Property Taxes, Repairs/Maintenance, Supplies, Utilities
  • Owner Pays: Electric, Gas, Water
  • Parking: Other Parking, Unpaved
  • Roof: Flat, Rubber Membrane
  • SqFt Source: Broker
  • Total # of Buildings: 1
  • Unit 1: 2, 1-Bed, 1-Bath
  • Unit 2: 3, 1-Bed, 1-Bath
  • Unit 3: 1, 1-Bed, 1-Bath
  • Unit Summary: Annualized: 44040
  • Unit Summary: Average Actual Rent: 611.66
  • Unit Summary: Average Unit Size: 340
  • Unit Summary: Total Actual Rent: 3670
  • Unit Summary: Total Units: 6
  • Utilities: All City
Courtesy of Abq Properties Llc

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