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$3,015,000
3 Beds
3 Baths
14,266sqft
3601 Wellesley Dr Ne, Albuquerque, NM 87107
$3,015,000
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Multi Family
Built in 1981
$-- HOA
33,977 sqft lot
$211/sq.ft
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...
Continue Reading- Houzeo last checked: 57 Minutes ago
- Listing updated: April 9, 2026 at 3:30 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-NM | MLS#: 1092688
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1981
HOA Fees
-
Finished Area
14,266 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
269
Cumulative Days on Market
182
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