117 Mesa Se Street, Albuquerque, NM 87106

$269,500
1
BD
1
BA
1,785
SqFt
List Price
$269,500
MLS#
1023009
Property Type
Multifamily
Bedrooms
1
Bathrooms
1
Sqft. of Residence
1,785
Lot Size
3,920
Region
UNM
Status
PENDING

Property Description

These large one bedroom/one bath units are in a great location less than one block from the UNM campus and the ART Transportation System, plus they are an easy walking distance to Nob Hill. Each unit is 893 SF in size and there is an enclosed backyard plus off-street parking. There is substantial upside potential to revenues and value. If rents are moved to market rates, the capitalization rate would improve to 6.01%, the total return on equity would improve to 9.05%. There is also an after-tax IRR of 13.52% based on a 5-year hold.

Additional Information

County
Bernalillo
Subdivison
N/A
Acres
0.09
Interior Features
Ceiling Fan(s)
Exterior Features
Landscaping, Lighting
Appliances
Free-Standing Gas Range, Refrigerator
Cooling
Evaporative Cooling, Ceiling Fan(s)
Flooring
Vinyl, Wood
Heating
Wall Furnace
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning
R-ML*

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Berger Briggs RE & Prop Mgmt.

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.