501-505 Mesilla Street SE, Albuquerque, NM 87108
$699,000
Property Type:
Residential Income
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$699,000
List Date:
4/05/2024
Last Modified:
4/18/2024
Description
Welcome to your premier investment opportunity! 6-unit property that seamlessly blends modern upgrades with timeless appeal. Step into meticulously remodeled units where no detail has been overlooked. Stylish and durable tile flooring that sets the tone for sophistication throughout, recessed lighting that illuminates your spaces, enhanced security features, including sturdy steel doors, offering peace of mind for residents and property owners alike. Embrace sustainability with 80% energy-efficient furnaces and new windows in select units. Close to schools, shopping and eateries.
More Information MLS# 1060143
Contract Information
Listing Price: 699000
Current Price: $699,000
Status: Active
Bank Owned: No
Location
Street #: 501-505
Street Name: Mesilla
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Geo Lat: 35.070656
Geo Lon: -106.5657
Area: 71 - Southeast Heights
Zone Atlas: L19
City/County Data
UPC Code: 101905608745621223
General Property Description
# of Units: 6
5+ Units: Yes
Property Sub-Type: 6 Units
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6970
Directions: East on Zuni from Louisiana, south on Mesilla to address. Do not disturb tenants
Stories: 1
Total # of Buildings: 2
Year Built: 1960
Year Built Exception: Unknown
Age: Select One
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2607.74
Tax Exemption: Unknown
Cooling
Centrally Ducted: Yes
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 900
Max Rent: 950
Market Rent: 950
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 650
Actual Rent: 950
Max Rent: 950
Market Rent: 950
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 750
Actual Rent: 1144
Max Rent: 1144
Market Rent: 1144
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 820
Actual Rent: 1144
Max Rent: 1144
Market Rent: 1144
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 1144
Max Rent: 1144
Market Rent: 1144
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Max Rent: 1144
Market Rent: 1144
Unit Summary
Total Units: 6
Average Unit Size: 745
Average Actual Rent: 880.33
Annualized: 63384
Total Actual Rent: 5282
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping
Appliances included: Dryer; Dryer H/U; Frestnd Gas Stv/Ovn; Refrigerator; Washer; Washer H/U
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air; Gas
Cooling: Evaporative Cooling
Flooring: Tile; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Owner Pays: Electric; Gas; Sewer; Trash Removal; Water
Tenant Pays: None
Rental Info: Month To Month
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-2
Listing Office: Coldwell Banker Legacy
Last Updated: April - 18 - 2024
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