BEDS0
BATHS
SQUARE FEET17,682
MLS#1092688
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONIndian Mesa
Property 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 average of $1,324, and even with a potential 3fold increase in property taxes, cap could be 7.74%
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Lot Size: 0.78 Acres
Stories: 2.0
Taxes: $5,752
Year Built: 1981
Feature Descriptions
Accessibility: None
Appliances: Refrigerator
Days on Site: 146
Exterior: Frame, Stucco
Flooring: Carpet, Tile, Vinyl
Parcel#: 101606041820240804
Units: 25
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agent Name: Blanca N Martinez
Agent Phone: (575) 921-8945
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 8,068.79 per month $6,710.08 Principal & Interest $479.33 Property Tax $879.38 Homeowner's Insurance
3601 Wellesley Drive Ne | MLS# 1092688
This multi-family property located at 3601 Wellesley Drive Ne, Albuquerque, NM 87107 is currently listed for sale with an asking price of $3,015,000. Search Albuquerque real estate on bmartinez.cblegacy.com today.