For sale
  • $433,651

    512 Mesilla St SE, Albuquerque, NM 87108

    2beds
    1baths
    3,000sqft
    : 
    Quadruplex, Multi Family
    Built in 1960
    -- sqft lot
    $415,500 Zestimate®
    $145/sqft
    $-- HOA

    What's special

    New toiletsSynthetic stuccoNew roofWrought iron security fenceNew evaporative coolersNew vanitiesHard surface flooring
    potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.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. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit, $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10%
    189 days
    on Zillow
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    122
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    8
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