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3208 Wellesley Court NE

Albuquerque, NM 87107
  • $485,000
  • STATUS: Active
  • ON SITE: 77 Days
  • MLS #: 1056741
UPDATED: 136 min ago
$485,000
  • 2
    BEDS
  • 0.22
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,430
    SQFT
  • $200
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Ratings & Info

Description

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.

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IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-04-24T00:06:23.313.
www.sandisells.com/homes/147342113
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3208 Wellesley Court NE Albuquerque, NM 87107

  • Price: $485,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 136 min ago
  • MLS #: 1056741
2
Beds
1
Baths
0
½ Baths
0.22
Acres
2,430
SQFT
$200
$/SQFT
1973
Built
Neighborhood:
41 - Uptown
County:
Bernalillo
Area:
41 - Uptown
Property Description
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.
Exterior Features

Construction Materials Frame Exterior Features Lighting Levels One

Interior Features

Appliances Dishwasher Free Standing Gas Range Refrigerator Basement YN No Cooling Ductless Cooling YN Yes Flooring Vinyl Heating Ductless Heating YN Yes

Property Features

Builder Name Unknown Building Area Total 2430 Community Features Storage Facilities Green Energy Generation None Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional New Construction YN No Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 3003.92 Tenant Pays Electricity Gas Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of Duke City Real Estate Services: (505) 463-8018. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-04-24T00:06:23.313.
 
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Sandi Pressley Team | Coldwell Banker Legacy
10400 Academy Rd NE Suite 100
Alburquerque NM, 87111