Link Copied
Listed price in listed location currency (USD).
$3,015,000

330

MLS® 1092688

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 14266 sqft
Garage 
Taxes $5,753
Days Active 192
Lot Size 
Approx. Age 1981
Avg. Price Per Sqft $211
MLS® Number 1092688

Property Address: 3601 Wellesley Dr Ne, Albuquerque, NM, 87107-6908

Average square foot calculated using Size range provided by listing agent.

Description

Located at 3601, 3605 & 3609 Wellesley NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one-bedroom units and six two-bedroom units.The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.At the ask price of $2, 445, 000 and of based on the current average rents of $1, 113 per month, the property's measures of investment performance include an 8.72 GRM, 7.39% cap rate before reserves, before tax IRR of 15.8% and an after-tax IRR of 12.97. If rents were raised to market average of $1, 291, and even with a potential 3fold increase in property taxes, the measure of investment improve to a cap rate of 7.
MLS® Number1092688
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1981
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 9, 2025List Date
$3,015,000List Price
  • Commute

Commute

Starting Address
Destination Address
3601 Wellesley Dr Ne, Albuquerque, NM

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties