3400 Wellesley Dr NE, Albuquerque, NM 87107

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Building Details:

Seller Financing Available
CAP Rate: 7.61%
Projected Market CAP Rate: 8.55%
Cash on Cash Return: 10.44%
Projected Market Cash on Cash Return: 14.18%
1 Building (4 Units)
Land Size: ±0.18 Acre
Zoned: R-2
Large upside opportunity
Below market rates
Washer/dryer hookups
New roof July 2012
Units well maintained
Plenty of on-site parking
Individually metered apartments
Strong historical occupancy
Historically low financing rates (4 to 4.5%)