510 Mesilla Street SE, Albuquerque, NM 87108
$449,114
Property Type:
Residential Income
Square Footage:
3,000
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$449,114
List Date:
3/09/2024
Last Modified:
3/09/2024
Description
Measure of investment performance include 6.45% cap rate at $449,114 ask price.
The prior owner remodeled the property with a new roof, new windows, synthetic
stucco, hard surface flooring, new lighting, new vanities, washer/dryers new
evaporative coolers updated electrical, wrought iron security fence, new toilets as
well as replacing some of the hot water heaters and furnaces.
This 4-plex is located in an area of that has had major announcements of new employment.
Couple that with the impact of the citywide expansion of Netflix, Facebook,
Intel and Amazon and this property is well positioned to enjoy the forthcoming
wave of appreciation and rent growth.
More Information MLS# 1058525
Contract Information
Listing Price: 449114
Current Price: $449,114
List Price/SqFt: 149.7
Status: Active
Bank Owned: No
Location
Street #: 510
Street Modifier: 510
Street Name: Mesilla
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4262
Geo Lat: 35.070377
Geo Lon: -106.565082
Area: 71 - Southeast Heights
Zone Atlas: L19
City/County Data
UPC Code: 101905610544621315
Subdivision: Emil Mann
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 3000
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: From Central and San Mateo south to Zuni, east to Mesilla, south to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built: 1960
Age: 51 - 60
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Two
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3691.54
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 41757
Operating Expenses: 28070
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 750
Actual Rent: 890
Max Rent: 950
Market Rent: 1075
Unit Summary
Total Units: 4
Average Unit Size: 750
Average Actual Rent: 890
Annualized: 42720
Total Actual Rent: 3560
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Other - See Remarks
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Paved Lot
Roof: Flat; TPO (G)
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA
Source: Owner Provided; Other - See Remarks
Zoning: R-ML*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: March - 09 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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