609-641 Mesilla Street SE

About this property

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