About 3208 Wellesley Court Ne
Renovated, solid four-plex with rents improved to market rates. Three new one-year leases and one month-to-month that could be improved as well. New roof, flooring, paint, appliances, and ductless mini-splits. Primary measure of investment is a 5.4% CAP rate at asking price. Record low inventory plus convenient central city location equals low vacancy.
Features of 3208 Wellesley Court Ne
| MLS® # | 1056741 |
|---|---|
| Price | $485,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 2,430 |
| Acres | 0.22 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 3208 Wellesley Court Ne |
|---|---|
| Area | 41 - Uptown |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87107 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Features | Storage Facilities |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Vinyl |
|---|---|
| Appliances | Dishwasher, Free-Standing Gas Range, Refrigerator |
| Heating | Ductless |
| Cooling | Ductless |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Lighting |
|---|---|
| Construction | Frame |
Additional Information
| Date Listed | February 6th, 2024 |
|---|---|
| Days on Market | 82 |
| RE / Bank Owned | No |
Listing Details
| Office | Duke City Real Estate Services |
|---|