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About This Home
This 8-bedroom, 4-bathroom residential multi family at 3609 Wellesley Drive NE in Albuquerque, NM is listed for $641,829 ($153 per sqft). Built in 1980, the home offers 4,194 sqft of living space on a 0.20 acres lot.
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.
Key Features
- Built in 1980
- 0.20 acre lot
- 2 stories
- 6 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$3,433/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3609 Wellesley Drive NE
Albuquerque, NM 87107
Indian Mesa
Property Details
Flooring
Construction
Heating
Appliances
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 3609 Wellesley Drive NE is listed at $641,829 ($153/sqft). The estimated monthly payment is $2,781 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 0.20 acre lot, 2 stories, 6 parking spaces.
This property is listed by Todd D Clarke and can be reached at 5054408633 or tclarke@nmapartment.com.
