Bought with The M Real Estate Group
For more information regarding the value of a property, please contact us for a free consultation.
3208 Wellesley CT NE Albuquerque, NM 87107
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $470,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,430 sqft
Price per Sqft $193
MLS Listing ID 1056741
Sold Date 06/07/24
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1973
Annual Tax Amount $3,003
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property 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.
Location
State NM
County Bernalillo
Area 41 - Uptown
Interior
Heating Ductless
Cooling Ductless
Flooring Vinyl
Fireplace No
Appliance Dishwasher, Free-Standing Gas Range, Refrigerator
Exterior
Exterior Feature Lighting
Community Features Storage Facilities
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101606044908740307
Acceptable Financing Cash, Conventional
Green/Energy Cert None
Listing Terms Cash, Conventional
Financing Cash
Read Less