1325 Wellesley DR SE, Albuquerque, NM 87106
Listed by NM Apartment Advisors, Inc.
$4,500,000
Est. payment /mo
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2 Beds
3 Baths
28,600 SqFt
New

1325 Wellesley DR SE Albuquerque, NM 87106

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Anita Mora

Anita Mora

+1(505) 400-8105

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 28,600 sqft

Price per Sqft $157

Subdivision Sunport Lodgings Add

MLS Listing ID 1111973

Bedrooms 2

Construction Status Resale

HOA Y/N No

Year Built 1970

Annual Tax Amount $21,241

Lot Size 1.530 Acres

Acres 1.53

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, and the Max-Q development providing convenient access to thousands of jobs in defense, technology, engineering and research. The property also benefits from sitting on the eastern edge of the Puerta Del Sol Public golf course.With a start price of $4,500,000 the property is being marketed well below the 2023 appraisal of $5,490,000 using the BID process. With current average rents of $615 per unit, the metrics of investment performance include a 7.63 GRM, 8.35% cap rate, 9.06% cash on cash and an out of the universe IRR.Portions of the property have an affordable housing component, which may convey with the property.Property offering timeline:- 10/21/2026 - noon - Wednesday - property tour (RSVP for each person required)- 10/22/2026 - noon - Thursday - offer deadline.Qualified investors can RSVP for the tour and access the confidential document center.Do not miss out on this once on a generation opportunity to own a large, golf course fronting and affordable apartment investment.

Location

State NM

County Bernalillo

Area 42 - Unm South

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 3

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101605638619040140

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

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Anita Mora

Anita Mora

Broker License ID: 46134

+1(505) 400-8105

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1325 Wellesley DR SE