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K2 Omni Group

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5700 University Blvd SE Ste 330 Albuquerque NM 87106

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  • Beige stucco buildings surround a gravel courtyard with a metal gate and leafy trees.
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
  • 609-641 Mesilla Street SE
Courtesy of Trinity Apartment Company LLC

$4,989,000

609-641 Mesilla Street SE, Albuquerque, NM 87108

  • Bedrooms

    3

  • Bathrooms

    3

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Property Description

Exceptional opportunity to acquire a 57-unit apartment portfolio located in Albuquerque's strong workforce housing sector. The property features a well-balanced unit mix of 1-bedroom/1-bath and 2-bedroom/1-bath units, catering to consistent rental demand in a high-occupancy submarket. This asset offers immediate and stable cash flow, operating at an 9,41% 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 in come and reducing collection risk. The property has been well maintained by hands-on local owner who has taken pride in managementand up keep, resulting in solid operations and tenant stability. Investment Highlights: 57 total units (1BR/1BA & 2BR/1BA mix) Strong cap rate with in-place income. Voucher-backed tenants providing consistent revenue. Well-maintained asset with pride of ownershipLocated in a high-demand workforce housing area. This is a rare opportunity to acquire a cash-flowing multifamily asset with scale, stability, and flexibility in Albuquerque.

Overview

Property Status
For Sale
Lot Size
0.31 Acres
MLS ID
1110504
Property Type
Multi-Family
Year Built
1984

Features & Amenities

Neighborhood
Albuquerque / Rio Rancho
Stories
2
Utilities
Electricity Connected, Sewer Connected, Water Connected
Heat Type
Wall Furnace
Air Conditioning
Evaporative Cooling
Appliances
Built-In Gas Range, Refrigerator
Green Feature
None
Other Exterior Features
Landscaping
Sales Price
$4,989,000
Real Estate Tax
$15,448/yr

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Beige stucco buildings surround a gravel courtyard with a metal gate and leafy trees.

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609-641 Mesilla Street SE
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K2 Omni Group

(505) 560-0575

5700 University Blvd SE Ste 330 Albuquerque NM 87106

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K2 Omni Group

(505) 560-0575

5700 University Blvd SE Ste 330 Albuquerque NM 87106