609 Mesilla St Se
About This Property for Sale
Marketing description
Exceptional opportunity to acquire a 13-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 7.37% 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 income and reducing collection risk.
The property has been well maintained by a hands-on local owner who has taken pride in management and upkeep, resulting in solid operations and tenant stability.
Investment highlights
13 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 ownership
Located in a high-demand workforce housing area
Ability to acquire as a portfolio or individually (flexible exit strategy)
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