BEDS8
BATHS
SQUARE FEET4,194
MLS#1099281
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONIndian Mesa
Property Description
Located at 3609 Wellesley NE, this fourplex has large, town house style, two bedroom, one bathroom units with in unit laundry.At the ask price $641,829 and of based on the current average rents of $1,324 per month, the property's measures of investment performance include a 10,10 GRM, 5.73% cap rate before reserves, before tax IRR of 20.0% and an after-tax IRR of 16.2%. If rents were raised to market average of $1,466, and even with a potential two-fold increase in property taxes, which likely not occur until 2027-2028, the measures of investment performance improve to a 5.93% cap rate.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central
Lot Size: 0.20 Acres
Stories: 2.0
Taxes: $3,523
Year Built: 1980
Feature Descriptions
Accessibility: None
Appliances: Refrigerator
Days on Site: 22
Exterior: Frame
Flooring: Carpet, Vinyl
Parcel#: 101606042121740805
Units: 4
Utilities: Cable Connected, 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
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 293-3700
Estimate Your Payment
Estimated Payment
$ 1,909.22 per month $1,428.44 Principal & Interest $293.58 Property Tax $187.20 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Casey Landis
From our very first call, Casey Landis impressed us with his in- depth market knowledge and sincere interest in our family's unique needs and timeline. At our first meeting, he presented a thorough market analysis and a well-crafted strategy that clearly stood out from other agents. Relocating across the country complicated our situation, but Casey went above and beyond by managing details, connecting us with trusted resources, and ensuring our home stayed show-ready and secure. His steady communication, expert guidance, and dedication helped ease our stress and resulted in a successful sale that met all our goals. We wholeheartedly recommend Casey to anyone seeking a knowledgeable,
trustworthy, and committed realtor.
— Gregory Howell
— Gregory Howell
Ashly Jaramillo
I had an excellent experience working with Ashly. I would recommend her to anyone that is in the process of buying a home.— Martha Edwards
— Martha Edwards
3609 Wellesley Drive Ne | MLS# 1099281
This multi-family property located at 3609 Wellesley Drive Ne, Albuquerque, NM 87107 is currently listed for sale with an asking price of $641,829. Search Albuquerque real estate on www.cblegacy.com today.