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About This Home
This 3-bedroom, 2-bathroom residential multi family at 433 Mesilla & 437 (4 lots) Street SE in Albuquerque, NM is listed for $2,323,232 ($158 per sqft). Built in 1979, the home offers 14,688 sqft of living space on a 0.60 acres lot.
Historic OwnershipSince its original construction and development, the Four33/Four37 Apartments have had only a handful of owners.The owner with the longest period of stewardship and the original developer was Weldon ''Connie'' Alexander, who was the voice of the UNM Lobos for over a decade.
Connie was a UNM athlete and inducted into the UNM Sports Hall of Fame in 2003. As a local lender, investor, landlord and community leader, he led the charge for the rebranding of this neighborhood to support Ta-Lin and the cultural diversity as the ''International District''.Measures of investment performance at the current asking price of $2,323,232 and with average rents of $755, include a low price per unit of $72,601, a price per square foot of $158, a GRM of 8.02, a cap rate of 6.33%, and
Key Features
- Built in 1979
- 0.60 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$12,425/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
433 Mesilla & 437 (4 lots) Street SE
Albuquerque, NM 87108
Emil Mann Addition
Property Details
Flooring
Construction
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 433 Mesilla & 437 (4 lots) Street SE is listed at $2,323,232 ($158/sqft). The estimated monthly payment is $10,067 based on 20% down at 6.5% interest.
Key features include: Built in 1979, 0.60 acre lot, 2 stories.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.