3601 Wellesley Drive Ne, Albuquerque, NM 87107

Local realty services provided by:ERA Summit
3601 Wellesley Drive Ne,Albuquerque, NM 87107
$3,015,000
  • - Beds
  • 1 Baths
  • 17,682 sq. ft.
  • Multi-family
  • Active
Listed by: todd d clarke
Office: nm apartment advisors, inc.
MLS#:1092688
Source:NM_SWMLS

Price summary

  • Price:$3,015,000
  • Price per sq. ft.:$170.51

About this home

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%

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Home facts

  • Year built:1981
  • Listing ID #:1092688
  • Added:125 day(s) ago
  • Updated:February 10, 2026 at 03:24 PM

Rooms and interior

  • Total bathrooms:1
  • Living area:17,682 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Central, Forced Air

Structure and exterior

  • Year built:1981
  • Building area:17,682 sq. ft.
  • Lot area:0.78 Acres

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,015,000
  • Price per sq. ft.:$170.51
  • Tax amount:$5,753

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