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$3,015,000
3 Beds
3 Baths
17,682sqft
3601 Wellesley Dr Ne, Albuquerque, NM 87107
$3,015,000
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Multi Family
Built in 1981
$-- HOA
33,977 sqft lot
$171/sq.ft
Description
Located at 3601, 3605 & 3611 Wellesley NE, as well as 3611 Tyson 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 ten 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 $3,015,000 and of based on the current average rents of $1,157 per month, the property's measures of investment performance include a 8.68 GRM, 7.26% cap rate before reserves, before tax IRR of 16.1% and an after-tax IRR of 12.9%. If rents were raised to market ...
Continue Reading- Houzeo last checked: 49 Minutes ago
- Listing updated: October 9, 2025 at 8:16 pm
- Listing Provided by: Todd D Clarke (505) 440-8633 DRE #13711 | NM Apartment Advisors, Inc. (505) 440-8633
- Source: Greater Albuquerque AOR (SWMLS) MLS-NV | MLS#: 1092688
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1981
HOA Fees
-
Finished Area
17,682 sqft
Lot Size
33,977 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1092688
MLS Status
Active
Days on Market
56
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