1325 Wellesley Drive SE, Albuquerque, NM 87106
- $4,500,000
- 2
- BD
- 3
- BA
- 28,600
- SqFt
- List Price
- $4,500,000
- MLS#
- 1111973
- Property Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 3
- Sqft. of Residence
- 28,600
- Lot Size
- 66,560
- Region
- UNM South
- Status
- ACTIVE
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.
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Additional Information
- County
- Bernalillo
- Subdivison
- Sunport Lodgings Add
- Acres
- 1.53
- Appliances
- Refrigerator
- Construction
- Frame
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Wall Furnace
- Owner Pays
- Other, See Remarks
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Zoning
- R-ML*
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Listing courtesy of NM Apartment Advisors, Inc..
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.