3420 Wellesley Drive NE, Albuquerque, NM 87107 US Albuquerque Home
3420 Wellesley Drive NE, Albuquerque, New Mexico
Property Details
$280,000
Listing Information
- MLS: 990255
- Bedrooms: 1
- 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.
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Property information deemed reliable but not guaranteed and should be verified.
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