Chad Petty
Albuquerque, NM 87109
Phone: 505-307-9393
Email: chad@chadpetty.com

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Listing 1 out of 1,752
$441,789 For Sale

525 Mesilla Street SE
Albuquerque, NM 87108

6 units | Multi Family Home
6534 sq ft - MLS# 933586
Property Photo
1/21

Description

Fully remodeled six unit apartment building in high demand area. All one bedroom units with several different floor plans Tasteful modern interiors with new tile floors, new paint, new heating, new recessed lighting new showers, new windows, new doors, new vanities & toilets. The property is stabilized at above market rate rents and is 100% occupied. Also included in the sale is the vacant lot south of the property. Seller WILL NOT break up, must be sold together. Both properties zoned Multi Family Low Density. Adjoining lot currently used for over flow parking but additional units could be built on the property. Offer/LOI subject to inspections. Please DO NOT disturb tenants.

DIRECTIONS: From Louisiana & Zuni, East To Mesilla. South On Mesilla To Property.

Features

  • Property Type: Multi Family Home
  • Sub Type: 6 Units
  • Listing Status: Active
  • County/Area: Bernalillo County
  • Zip Code: 87108
  • Year Built: 1950
  • Age: 61 - 70
  • Sq.Ft.: 2,134 sq ft
  • Stories: 1
  • Units: 6 units
  • Lot Size: 6534 sq ft
  • Zoning: R-ML*
  • 5+ Units: Yes
  • Amenities: Security Gate, Some Landscaping
  • Appliances included: Frestnd Elec Stv/Ovn
  • Construction: Block, Masonry
  • Cooling: Evaporative
  • Exterior Material: Stucco
  • Flooring: Tile
  • Heating: Baseboard, Electric
  • Income & Expenses: Annual Gross Income: 44040
  • Income & Expenses: Operating Expenses: 11533
  • Lot SqFt: 6747
  • Metering: Master Electric, Master Gas
  • Operating Expenses: Accounting And Legal, Insurance, Property Taxes, Repairs/Maintenance, Supplies, Utilities
  • Owner Pays: Electric, Gas, Water
  • Parking: Other Parking, Unpaved
  • Roof: Flat, Rubber Membrane
  • SqFt Source: Broker
  • Total # of Buildings: 1
  • Unit 1: 2, 1-Bed, 1-Bath
  • Unit 2: 3, 1-Bed, 1-Bath
  • Unit 3: 1, 1-Bed, 1-Bath
  • Unit Summary: Annualized: 44040
  • Unit Summary: Average Actual Rent: 611.66
  • Unit Summary: Average Unit Size: 340
  • Unit Summary: Total Actual Rent: 3670
  • Unit Summary: Total Units: 6
  • Utilities: All City
Courtesy of Abq Properties Llc, Frederick Reed, (505) 717-3002


Chad Petty | 505-307-9393 | Contact Me
Serving Albuquerque, Roswell Ruidoso
5854 Osuna Rd NE - Albuquerque, NM 87109
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