Skip To Content

117 Mesa Street SE

Albuquerque, NM 87106
  • $269,500
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 1023009
UPDATED: 39 min ago
$269,500
  • 1
    BEDS
  • 0.09
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,785
    SQFT
  • $151
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-10-03T16:05:26.943.
www.metrohomesearch.com/homes/133259008
Print Image

117 Mesa Street SE Albuquerque, NM 87106

  • Price: $269,500
  • Status: Active
  • On Site: 12 Days
  • Updated: 39 min ago
  • MLS #: 1023009
1
Beds
1
Baths
0
½ Baths
0.09
Acres
1,785
SQFT
$151
$/SQFT
1940
Built
Neighborhood:
N/A
County:
Bernalillo
Area:
40 - UNM
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.
Exterior Features

Construction Materials Frame Exterior Features LandscapingLighting Levels One Parking Total 2 Stories Total 1

Interior Features

Appliances Free-Standing Gas RangeRefrigerator Basement Interior EntryUnfinished Basement YN Yes Cooling Evaporative CoolingCeiling Fan(S) Cooling YN Yes Electric None Flooring VinylWood Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Accessibility Features None Additional Parcels YN Yes Builder Name Unknown Building Area Total 1785 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Green Water Conservation Low-Flow Fixtures Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Duplex Property Sub Type Additional Duplex Tax Annual Amount 2570.34 Tenant Pays ElectricityGas Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-Ml*

Southwest MLS] logo Listing courtesy of Berger Briggs Re & Prop Mgmt: (505) 247-0444. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-10-03T16:05:26.943.
 
https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1023009-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1023009-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1023009-2.jpg
Logo
Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109