3208 Wellesley Court NE Albuquerque, NM ^$ 485,000

3208 Wellesley Court NE

^$ 485,000

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3208 Wellesley Court NE

Albuquerque, NM, 87107

^$ 485,000

Bedrooms2 Baths1.0 Sq 2,430

Monthly Estimate*

^$ 3,388

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Multi-Family Home for sale in Albuquerque, NM

for $485,000 with 2 bedrooms and 1 full bath. This 2,430 square foot home was built in 1973 on a lot size of 0.22.

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.

Multi-Family Active

Price

^$ 485,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,003

Style

Quadruplex

Lot Size

0.22

Year Built

1973

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1056741

Features

General

Heating Ductless

Cooling Ductless

Utilities CableConnected ElectricityConnected NaturalGasConnected SewerConnected WaterConnected

Appliances Dishwasher FreeStandingGasRange Refrigerator

Exterior Features Lighting

Construction Materials Frame

Year Built 1973

Tenant Pays Electricity Gas

Stories 1

Levels One

Property SubType Quadruplex

Community Features StorageFacilities

County Bernalillo

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Green Energy Generation None

Status Active

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.

City Albuquerque

Buyer Agent Compensation 3%

Disclosures LeadBasedPaintDisclosure RANM2100Disclosure

View Y/N N

Senior Community Y/N N

Zoning Description R-MH*

Total Units 4

MLS Area 41 - Uptown

Lot Size Square Feet 9583.2

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Wellesley

Listing Terms Cash Conventional

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 3003.92

Home Warranty Y/N N

Property Condition Resale

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Builder Name Unknown

Standard Status Active

Property Sub Type Additional Quadruplex

Interior

Flooring Vinyl

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Court

Total Bedrooms 2

Electric On Property Y/N N

Total Baths 1

Exterior

Number of Buildings 1

Spa N

Building Area Total 2430.0

Lot Size Acres 0.22

Lot Size Source PublicRecords

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

* Excluded Features

List By

Rory Jensen

Listing Agent

Duke City Real Estate Services

Broker

rory@roryjensen.com

Affordability Calculator

$3,638

Per Month

Monthly Principal & Interest: $3,388
Monthly Property Taxes: $250
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Albuquerque, NM

Average List Price ^$700,768

Percent of Sale Price 44%

About Albuquerque, NM

565,162 Population

25% Since 2002

^$49,805 Median Income

36.92 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

537023 Elementary School

537125 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/7/2024	$485,000		Listed Price

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3208 Wellesley Court NE, Albuquerque, NM, 87107 is a Multi-Family Home for sale at $485,000 with 2,430 sqft and a lot size of 0.22. 3208 Wellesley Court NE has 2 bedrooms, 1.0 baths, and was built in 1973. The property's zip code is 87107 which is in Albuquerque, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/27/2024.

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3208 Wellesley Court NE

Multi-Family Home for sale in Albuquerque, NM

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