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About This Home
This 3-bedroom, 3-bathroom residential multi family at 3601 Wellesley Drive NE in Albuquerque, NM is listed for $3,015,000 ($171 per sqft). Built in 1981, the home offers 17,682 sqft of living space on a 0.78 acres lot.
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 a
mazing 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 average of $1,324, and even with a potential 3fold increase in property taxes, cap could be 7.74%
Key Features
- Built in 1981
- 0.78 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$16,125/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3601 Wellesley Drive NE
Albuquerque, NM 87107
Indian Mesa
Property Details
Flooring
Construction
Heating
Appliances
Questions & Answers
This 3-bedroom, 3-bathroom residential multi family at 3601 Wellesley Drive NE is listed at $3,015,000 ($171/sqft). The estimated monthly payment is $13,065 based on 20% down at 6.5% interest.
Key features include: Built in 1981, 0.78 acre lot, 2 stories.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.
