512 Mesilla St SE Albuquerque, NM 87108
Trumbull Village NeighborhoodEstimated payment $2,599/month
Highlights
- Evaporated cooling system
- Wall Furnace
- 5-minute walk to The Phil Chacon Park
- Tile Flooring
- Property has 1 Level
About This Home
potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 4-plex is located in an area of that has had major announcements of new employment. Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit, $144.55/sf.If rents are raised to closer to market rates of $1,075 the cap rate improves to 8.10%
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,709
Year Built
- Built in 1960
Lot Details
- 6,970 Sq Ft Lot
- Additional Parcels
Parking
- 6 Parking Spaces
Home Design
- Quadruplex
- Frame Construction
- Stucco
Interior Spaces
- 3,000 Sq Ft Home
- Property has 1 Level
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Utilities
- Evaporated cooling system
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 101905610544221316
Community Details
Overview
- 3,000 Sq Ft Building
- Emil Mann Subdivision
Building Details
- Operating Expense $13,138
- Gross Income $41,325
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/25/2025 01/25/25 | For Sale | $433,651 | +179.8% | $145 / Sq Ft |
| 01/04/2019 01/04/19 | Sold | -- | -- | -- |
| 11/02/2018 11/02/18 | Pending | -- | -- | -- |
| 10/29/2018 10/29/18 | For Sale | $155,000 | -- | $57 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1077102
APN: 1-019-056-105-442-2-13-16
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