3208 Wellesley Court NE, Albuquerque, NM 87107
$485,000
Property Type:
Residential Income
Square Footage:
2,430
Lot Size (sq. ft.):
9,583
Status:
Pending
Current Price:
$485,000
List Date:
2/06/2024
Last Modified:
5/09/2024
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.
More Information MLS# 1056741
Status Change Info
Pending Date: 2024-05-07
Contract Information
Listing Price: 485000
Current Price: $485,000
List Price/SqFt: 199.59
Status: Pending
Bank Owned: No
Location
Street #: 3208
Street Name: Wellesley
St Suffix: Court
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87107
Zip +4: 4452
Geo Lat: 35.118891
Geo Lon: -106.606681
Area: 41 - Uptown
Zone Atlas: G16
City/County Data
UPC Code: 101606044908740307
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 2430
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.22
Lot SqFt: 9583.2
Directions: From Carlisle between Candelaria and Comanche, West on Aztec. South on Wellesley Ct. to end of cul-de-sac. Property is back left corner.
Stories: 1
Total # of Buildings: 1
Year Built: 1973
Age: Select One
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3003.92
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 3
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 650
Actual Rent: 1100
Max Rent: 1200
Market Rent: 1200
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 750
Max Rent: 950
Market Rent: 950
Unit Summary
Total Units: 4
Average Unit Size: 625
Average Actual Rent: 1012.5
Annualized: 48600
Total Actual Rent: 4050
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Outside Lights; Tenant Storage
Appliances included: Dishwasher; Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Ductless
Cooling: Ductless
Flooring: Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Metering: Individual Electric; Individual Gas
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Roof: Pitched; Shingle
Rental Info: Call Listing Broker; Yearly Lease
Finance Considered: Cash; Conventional
Zoning: R-MH*
Documents
Tax Levy Disclosure ›Listing Office: Duke City Real Estate Services
Last Updated: May - 09 - 2024
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