635 Mesilla Street SE

635 Mesilla Street SE, Albuquerque, NM 87108

$798,456

Exceptional opportunity to acquire a 8-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a 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 7.37% 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.

8
beds

8
baths

2,688 Sq.Ft. LIVING AREA

6,752 Sq.Ft. lot

Features & Amenities

Interior

total bedrooms8
Total bathrooms8
Flooring Carpet, Tile, Vinyl
APPLIANCES Convection Oven, Refrigerator

Area & Lot

Status For Sale
Living Area2,688 Sq.Ft.
Total Area2,688 Sq.Ft.
Lot Area6,752 Sq.Ft.
MLS® ID1104663
TypeMulti-Family
YEAR BUILT1970
NeighborhoodAlbuquerque / Rio Rancho

Exterior

STORIES1
utilitiesCable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
HEAT TYPECentral
AIR CONDITIONINGEvaporative Cooling
Green featuresNone
other exterior FeaturesLandscaping, Patio

Financial

Sales Price$798,456
Real Estate Tax $5,451/yr

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Albuquerque / Rio Rancho

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635 Mesilla Street SE

$798,456

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Schedule a Showing

Schedule a Showing

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Albuquerque / Rio Rancho

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K2 | Simply Real Estate

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