Seller's Agent in 2019
Todd Clarke
NM Apartment Advisors, Inc.
(505) 480-8885
227 Total Sales
3617 Wellesley Dr NE Albuquerque, NM 87107
2
Beds
2
Baths
--
Sq Ft
8,712
Sq Ft Lot
About This Home
As of November 2019Built in 1980 and completely renovated in the last couple of years, these all two bedroom large (1,079 sf) two story, town house style apartments are owner occupant quality with numerous upgrades and improvements.Located at 3617 & 3621 Wellesley NE, near Albuquerque's Brewery District and within a 5 mile radius of over 75,000 jobs, this property is well positioned to be close to everything Downtown, UNM, Uptown and North I-25 corridor.Measures of investment performance at ask price of $820,000 and current average rents of $771 are a GRM of 11.08, a 5.59% cap rate, before tax IRR Of 14.90% and an after tax IRR of 11.70%, $102,500 per unit, and $95/sf.If rents were increased to the market average (for large units) of $973, measure of investment performance improve to a cap rate o
Last Agent to Sell the Property
NM Apartment Advisors, Inc. License #13711 Listed on: 07/05/2019
Last Buyer's Agent
Nonmls Nonmls
Non Member of SWMLS
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,894
Year Built
- Built in 1980
Lot Details
- 8,712
Home Design
- Frame Construction
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Utilities
- Natural Gas Connected
- Cable TV Available
Additional Features
- Property has 2 Levels
- Patio
- 8,712 Sq Ft Lot
Community Details
- 2 Buildings
- 8 Units
- Built by Pruvis
- B Of Indian Acres Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 101606042122940807
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/13/2019 11/13/19 | Sold | -- | -- | -- |
| 10/14/2019 10/14/19 | Pending | -- | -- | -- |
| 07/08/2019 07/08/19 | For Sale | $820,000 | -- | -- |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Todd Clarke
-
N
Buyer's Agent in 2019
Nonmls Nonmls
Non Member of SWMLS
Map
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 948775
APN: 1-016-060-421-229-4-08-07
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