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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 ($211 per sqft). Built in 1981, the home offers 14,266 sqft of living space on a 0.78 acres lot.
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 inve
st 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.
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 ($211/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.
