Exceptional opportunity to acquire a 14-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/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 7.70% 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.
Listed By
Agency Name: Trinity Apartment Company LLC
Agency Phone: (505) 622-3240
Shown By
Agent Name: Marjorie Martin
Agent Phone: (505) 301-7215
Agency Title: Coldwell Banker Legacy
Estimated Payment
$ 4,187.49 per month $3,109.78 Principal & Interest $670.17 Property Tax $407.55 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
Back to LoginIf you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.
613 Mesilla Street Se | MLS# 1105932
This multi-family property located at 613 Mesilla Street Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $1,397,298. Search Albuquerque real estate on mmartin.cblegacy.com today.