USANMAlbuquerqueIndian Mesa3601 Wellesley Dr Ne

3601 Wellesley Dr Ne, Albuquerque, NM

Name: 3601 Wellesley Dr Ne, For Sale in Albuquerque - Zoocasa
Brand: NM Apartment Advisors, Inc.
SKU: 1092688
Price: 3015000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$3,015,000

010

MLS® 1092688

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 17682 sqft

Garage No

Taxes $5,753

Days Active 155

Lot Size 0.78 acres

Approx. Age 1981

Avg. Price Per Sqft $170

MLS® Number 1092688

Property Address: 3601 Wellesley Dr Ne, Albuquerque, NM, 87107-6908

Average square foot calculated using Size range provided by listing agent.

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%

MLS® Number1092688

Laundry Level

Central VacNo

FireplaceNo

Acreage0.78

Exterior

GarageNo

Approx. Age1981

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 9, 2025List Date

$3,015,000List Price

Map

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