3609 Wellesley Dr NE, Albuquerque, NM 87107
- Beds
- 8
- Baths
- 4
- Sqft
- 4,194
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Number of bedrooms
- 8
- Number of bathrooms
- 4
- Square feet
- 4,194
- Lot size (acres)
- 0.20
- Year built
- 1980
Interior features
- Laundry
- In Unit
Utilities
- Heating
- Central
- Cooling
- Evaporative Cooling
Taxes
- Tax Annual Amount
- $3,523.34
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Southwest MLS (Greater Albuquerque Association of REALTORS) MLS®#: 1099281 Last checked: …
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