3609 Wellesley DR NE, Albuquerque, NM 87107
See all 31 photos
3609 Wellesley DR NE, Albuquerque, NM 87107
3609 Wellesley DR NE, Albuquerque, NM 87107
3609 Wellesley DR NE, Albuquerque, NM 87107
3609 Wellesley DR NE, Albuquerque, NM 87107
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Leanna Chavez

Leanna Chavez

+1(505) 507-4898
Listed by NM Apartment Advisors, Inc.
$ 641,829
Est. payment /mo
Save Virtual Tour
Active

3609 Wellesley DR NE Albuquerque, NM 87107

8 Beds

4 Baths

4,194 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,194 sqft

Price per Sqft $153

Subdivision Indian Mesa

MLS Listing ID 1099281

Bedrooms 8

Construction Status Resale

HOA Y/N No

Year Built 1980

Annual Tax Amount $3,523

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions Public Records

Property Sub-Type Quadruplex

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.

Location

State NM

County Bernalillo

Area 41 - Uptown

Interior

Heating Central

Cooling Evaporative Cooling

Flooring Carpet, Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility None

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101606042121740805

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.nmapartment.com/well3601b3d

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

GET MORE INFORMATION

By checking this box, I agree to receive recurring marketing communication from Leanna Chavez, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

3609 Wellesley DR NE