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525 Mesilla Street SE

Albuquerque, NM 87108
  • $600,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 1065046
Price Reduced
UPDATED: 79 min ago
$600,000
  • 1
    BEDS
  • 0.15
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Don't miss out on this 6 plex featuring 6 remodeled 1 bedroom 1 bath units - fully tenant-occupied, cash-flowing, commercial, multi family property with new mechanical and all new, commercial grade, tankless water heaters! Cap rate of 6.9% and highly motivated seller. This property has been remodeled and upgraded over the past two years, including tiled showers, LVT, and updated kitchens. Landlord pays utilities. Units are all electric, hot water is delivered via service room tankless water heaters (gas). Units are 100% occupied with minimum 6-month lease term. DO NOT WALK PROPERTY OR DISTURB TENANTS

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IDX information © 2024 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 The Team | Realty Executives Advantage. Data last updated: 2024-07-24T22:05:22.217.
www.trtnm.com/homes/151662699
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525 Mesilla Street SE Albuquerque, NM 87108

  • Price: $600,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 79 min ago
  • MLS #: 1065046
1
Beds
1
Baths
0
½ Baths
0.15
Acres
1950
Built
Neighborhood:
71 - Southeast Heights
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
Don't miss out on this 6 plex featuring 6 remodeled 1 bedroom 1 bath units - fully tenant-occupied, cash-flowing, commercial, multi family property with new mechanical and all new, commercial grade, tankless water heaters! Cap rate of 6.9% and highly motivated seller. This property has been remodeled and upgraded over the past two years, including tiled showers, LVT, and updated kitchens. Landlord pays utilities. Units are all electric, hot water is delivered via service room tankless water heaters (gas). Units are 100% occupied with minimum 6-month lease term. DO NOT WALK PROPERTY OR DISTURB TENANTS
Exterior Features

Construction Materials Stucco Levels One Stories Total 1

Interior Features

Appliances Free- Standing Electric Range Refrigerator Range Hood Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Tile Heating Baseboard Heating YN Yes

Property Features

Builder Name Unknown Green Energy Generation None Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional New Construction YN No Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 2214.8 Tenant Pays None Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- ML*

Southwest MLS] logo Listing courtesy of Keller Williams Realty: (505) 271-8200. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 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 The Team | Realty Executives Advantage. Data last updated: 2024-07-24T22:05:22.217.
 
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