510 Mesilla Street SE Unit 1-4, Albuquerque, NM 87108

$430,000
2
BD
1
BA
2,700
SqFt

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List Price
$430,000
Status
ACTIVE
Days on Market
51
MLS#
1109913
Subtype
Residential Income
Year Built
1960
Bedrooms
2
Bathrooms
1
Living Area
2,700
Lot Size
6,850
Acres
0.16
Subdivision
Mann Add
Neighborhood
Mann Add
MLS Area Major
Southeast Heights

Property Description

Great opportunity for an investor looking to add a four-unit property to their portfolio. This multifamily property features four 2-bedroom, 1-bath units, each offering a practical floor plan and its own private patio.Each unit has one designated parking space, while the property also offers the convenience of private outdoor space for residents. Heating is provided by wall-unit heaters, with swamp coolers located on the roof for cooling. The property does not currently offer on-site laundry.The roof has been recently serviced, although its exact age is unknown. The units have not had recent updates, providing an investor with the opportunity to improve and modernize the property while potentially increasing rents and long-term value.A solid opportunity for an investor seeking a multifamily property with four separate income-producing units and potential upside through future improvements.Pet deposit:$250 pet fee non-refundable$30 pet monthly pet rentRent amounts:-Unit A&D $960-Unit B $979 & starting 9/1 $1009-Unit C $979 plus pet rent $25Late fee:5% of rentRoofing proposal (work is completed, proposal attached):$6,075

Additional Information

Interior Features
Ceiling Fan(s)
Exterior Features
Patio
Taxes
$4,409
Zoning
R-ML*
Flooring
Tile, Vinyl
Appliances
Built-In Gas Range, Convection Oven, Refrigerator
Heating
Wall Furnace
Air Conditioning
Evaporative Cooling, Ceiling Fan(s)
Exterior Construction
Synthetic Stucco
Stories
1
Levels
One

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Calculator source: Real Geeks

Listing courtesy of Tyler Matthew Swinson from Realty One of New Mexico

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.