Sally Sacco
BEDS2
BATHS
SQUARE FEET2,218
MLS#1108479
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Exceptional opportunity to acquire a 6-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of studios/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 8.74% caprate, making it an attractive option for both seasoned and entry-level multifamily investors seeking yield in today's market. A significant portion of the tenant base is supported by housing voucher programs, providing reliable, government-backed rental income and reducing collection risk. The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep, resulting in solid operations and tenant stability.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling, Ceiling Fan(s)
Heating: Wall Furnace
Lot Size: 0.31 Acres
Stories: 1.0
Taxes: $8,042
Year Built: 1946
Amenities
Ceiling Fan(s)
Landscaping
Feature Descriptions
Appliances: Built-In Gas Range, Refrigerator
Days on Site: 9
Exterior: Stucco
Flooring: Carpet, Laminate, Tile, Vinyl
Parcel#: 101905610537120417
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: Trinity Apartment Company LLC
Agency Phone: (505) 622-3240
Shown By
Agent Name: Sally Sacco
Agent Phone: Cell: (505) 250-9179
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 1,788.50 per month $988.76 Principal & Interest $670.17 Property Tax $129.58 Homeowner's InsuranceChange Payment Information
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616 & 618 Mesilla Street Se | MLS# 1108479
This multi-family property located at 616 & 618 Mesilla Street Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $444,272. Search Albuquerque real estate on ssacco.cblegacy.com today.