3420 Wellesley Drive NE  Albuquerque 

Property Details

Listing Price:

$280,000

Listing Address:

3420 Wellesley Drive NE
Albuquerque  NM 87107

Bedrooms:

1

Full Baths:

0

Partial Baths:

0

SQ FT:

2881

Lot Size:

0.19

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Property Description

Great Investment Opportunity, Great location for this one story 4 plex. Property features brand new roof. All units have desired front courtyards & washer/dryer hook-ups. Property consists of 1 each 1 bedroom unit & 3 each 2 bedroom units. Unit 2 has new flooring, & new paint. Unit 3 has new paint/carpet & Unit 4 new paint. Rents are increasing in the area and there is a nice upside on these units. Easy to rent. 2020 cap rate w/property manager was 7.2%, estimated 2021 cap rate with property manager to be 9.3% due to increased rents. Annual estimate income for 2021 to be $36,720. Don't miss this great opportunity.

Contact Information