Sally Sacco
BEDS3
BATHS
SQUARE FEET2,716
MLS#1108552
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONThe Emil Mann Addition
Property Description
Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath , catering to consistent rental demand in a high-occupancy submarket.This asset offers immediate and stable cash flow, operating at an 9.91% cap rate, 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
Heating: Wall Furnace
Lot Size: 0.16 Acres
Stories: 1.0
Taxes: $5,451
Year Built: 1971
Feature Descriptions
Appliances: Built-In Gas Range, Refrigerator
Days on Site: 6
Exterior: Stucco
Flooring: Carpet, Tile, Vinyl
Parcel#: 101905608736620308
Units: 8
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
$ 2,226.38 per month $1,566.80 Principal & Interest $454.25 Property Tax $205.33 Homeowner's InsuranceChange Payment Information
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631 & 633 Mesilla Street Se | MLS# 1108552
This multi-family property located at 631 & 633 Mesilla Street Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $704,000. Search Albuquerque real estate on ssacco.cblegacy.com today.