For Sale

Listed by Todd Clarke

Source: Southwest MLS #1077102

512 Mesilla St SE, Albuquerque, NM, 87108

$433,651

2
1
6
3000 sq. ft.
6969.6 sq. ft.

Duplex

30+ days on the market

What's around 512 Mesilla St SE

About this property

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%

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