About 3601 Wellesley Drive Ne
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%
Residential Income property for sale in Albuquerque, NM at 3601 Wellesley Drive Ne. This Residential Income property is priced at $171/sqft
Features of 3601 Wellesley Drive Ne
| MLS® # | 1092688 |
|---|---|
| Price | $3,015,000 |
| Bathrooms | 1.00 |
| Square Footage | 17,682 |
| Acres | 0.78 |
| Year Built | 1981 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information: Albuquerque
| Address | 3601 Wellesley Drive Ne |
|---|---|
| Area | 41 - Uptown |
| Subdivision | Indian Mesa |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87107 |
Amenities of 3601 Wellesley Drive Ne
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior of 3601 Wellesley Drive Ne
| Interior | Carpet, Tile, Vinyl |
|---|---|
| Appliances | Refrigerator |
| Heating | Central, Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior of 3601 Wellesley Drive Ne
| Construction | Frame, Stucco |
|---|
Additional Information On 3601 Wellesley Drive Ne
| Date Listed | October 9th, 2025 |
|---|---|
| Days on Market | 2 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|