Multifamily Portfolio with 1- and 2-Bed
613 MESILLA ST SE ALBUQUERQUE NM 87108 Albuquerque, NM 87108
613 MESILLA ST SE ALBUQUERQUE NM 87108, Albuquerque, NM, 87108
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57-unit apartment portfolio with a balanced 1- and 2-bedroom mix, supported in part by housing vouchers.
Days on Market52
Property Features for 613 MESILLA ST SE ALBUQUERQUE NM 87108
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Trinity Apartment Company
Listed by
Trey Whaley · License #20250899
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 4:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Apartment Company
Investment Insights
Based on property information with market context.
This 57-unit apartment portfolio offers a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath homes. The property is described as well maintained by a hands-on local owner, with an emphasis on management and upkeep that supports tenant stability. The offering is positioned as generating current income, with the operating performance stated at a 7.37% cap rate.
The property is located in Albuquerque’s workforce housing sector, where the unit mix is intended to align with consistent rental demand. Public remarks also note that a significant portion of the tenant base is supported by housing voucher programs, which are characterized as providing government-backed rental income.
For investors or operators looking for a multifamily portfolio with an established unit mix, this asset may fit well for someone seeking to own an occupied income-generating property. With both 1- and 2-bedroom/1-bath layouts, the building supports a broader range of household needs. The stated reliance on voucher-supported tenants and the property’s reported maintenance practices are practical considerations for underwriting and operations.
The property is located in Albuquerque’s workforce housing sector, where the unit mix is intended to align with consistent rental demand. Public remarks also note that a significant portion of the tenant base is supported by housing voucher programs, which are characterized as providing government-backed rental income.
For investors or operators looking for a multifamily portfolio with an established unit mix, this asset may fit well for someone seeking to own an occupied income-generating property. With both 1- and 2-bedroom/1-bath layouts, the building supports a broader range of household needs. The stated reliance on voucher-supported tenants and the property’s reported maintenance practices are practical considerations for underwriting and operations.
Key Highlights
- 57‑unit apartment portfolio in Albuquerque’s workforce housing sector
- Unit mix includes 1‑bedroom/1‑bath and 2‑bedroom/1‑bath units
- Portfolio supported in part by housing voucher programs (government‑backed rental income)
Property Analytics
Property Profile
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FAQs
What type of property is this?
Apartment building - 57-unit apartment portfolio with a balanced 1- and 2-bedroom mix, supported in part by housing vouchers.
Where is this apartment building located?
The property is located at 613 MESILLA ST SE ALBUQUERQUE NM 87108 Albuquerque, NM.
What is the asking price?
The asking price for this property is $5,689,000.
What are key features of this property?
This property features: 57‑unit apartment portfolio in Albuquerque’s workforce housing sector; Unit mix includes 1‑bedroom/1‑bath and 2‑bedroom/1‑bath units; Portfolio supported in part by housing voucher programs (government‑backed rental income)
