3609-3613 Wellesley Dr NE - Apartments FOR SALE


Albuquerque, NM 87107- Alta Monte
$641,829 USD
505-440-8633
3609-3613 Wellesley Dr NE, Albuquerque, NM for Sale
$641,829 USD
Apartments - FOR SALE
1/3
null | 5.73% Cap Rate

3609-3613 Wellesley Dr NE
Albuquerque, NM 87107
Alta Monte


OVERVIEW

Subject: NE Heights fourplex townhouse style floorplans - $641,829 Good morning! On behalf of the owner, NM Apartment Advisors Inc., is excited to take to market this fourplex that is part of a larger 25 unit portfolio centrally located Alta Monte neighborhood. 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. 15 page flyer and additional information at http://www.nmapartment.com/apt/NMAA-Well3609NE.pdf Virtual tour of the unit can be viewed at www.nmapartment.com/well3601b3d Buyer’s can discover, Seller concession to Buyer, which Buyer may use to pay their buyers broker, by emailing compensation@nmapartment.com with NMAA-2587601 in the subject line. Qualified investors can register for the confidential document center at http://www.nmapartment.com/well3601 Do not wait, apartment investments continue to show strong appreciation coupled with high rent growth potential from all of the new Amazon, Facebook, Intel, and Netflix jobs entering the market. Thanks, Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD

FOR SALE DETAILS

PRICE

$641,829 USD

PRICE/SF

$64 USD /SF

# OF UNITS

4

PRICE/UNIT

$160,457

CAP RATE

5.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,625 SF

ZONING

-

APN/PARCEL ID

1-016-060-415217-4-08-06,1-016-060-421217-4-08-05

ASK ABOUT THIS PROPERTY

Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

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Todd ClarkeNM Apartment Advisors IncMore Info
505-440-8633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.