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512 Mesilla St SE

Albuquerque NM 87108

2
1
6
3000 sq. ft.
6969.6 sq. ft.
Duplex
Currently for sale - view listing

Overview

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%

Features

2 bedrooms
1 bathroom
6 carspaces
3000 sq. ft. floor area
6969.6 sq. ft. lot size
Duplex

Happy sellers in Albuquerque

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Local market activity for 2 bedroom duplexes in Albuquerque

In the last 12 months, 1 two-bedroom duplex similar to 512 Mesilla St SE, have been sold.

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(619) 566-0008
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