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312 Charleston Street NE

Albuquerque, NM 87108
  • $324,969
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 1017675
UPDATED: 59 min ago
$324,969
  • 2
    BEDS
  • 0.2
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,581
    SQFT
  • $126
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

The sellers are open to selling the property as 12 units, or three fourplexes under the following price schedule:308 Charleston NE -$363,253 - $777 rents - 9.74 GRM - 5.46% before reserves Cap rate - 14.90% after tax IRR312 Charleston NE -$324,969 - $722 rents - 9.38 GRM - 5.49% before reserves Cap rate - 15.20% after tax IRR320 Charleston NE -$249,757 - $660 rents - 7.88 GRM - 5.57% before reserves.312 Charleston SE has slightly lower income (average rents of $722) and at the ask price of $324,969 the measures of investment performance include a GRM of 9.38, a before reserves cap rate of 5.49% and an after tax IRR of 15.20%. If rents are raised to the market of $835, the measures of investment performance improve to a cap rate of 6.76%, and cash on cash of 8.75%

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IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-08-16T21:05:03.107.
www.metrohomesearch.com/homes/130272069
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312 Charleston Street NE Albuquerque, NM 87108

  • Price: $324,969
  • Status: Active
  • On Site: 52 Days
  • Updated: 59 min ago
  • MLS #: 1017675
2
Beds
1
Baths
0
½ Baths
0.2
Acres
2,581
SQFT
$126
$/SQFT
1961
Built
Neighborhood:
Loma Verde
County:
Bernalillo
Area:
70 - Fairgrounds
Property Description
The sellers are open to selling the property as 12 units, or three fourplexes under the following price schedule:308 Charleston NE -$363,253 - $777 rents - 9.74 GRM - 5.46% before reserves Cap rate - 14.90% after tax IRR312 Charleston NE -$324,969 - $722 rents - 9.38 GRM - 5.49% before reserves Cap rate - 15.20% after tax IRR320 Charleston NE -$249,757 - $660 rents - 7.88 GRM - 5.57% before reserves.312 Charleston SE has slightly lower income (average rents of $722) and at the ask price of $324,969 the measures of investment performance include a GRM of 9.38, a before reserves cap rate of 5.49% and an after tax IRR of 15.20%. If rents are raised to the market of $835, the measures of investment performance improve to a cap rate of 6.76%, and cash on cash of 8.75%
Exterior Features

Construction Materials BlockFrame Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Tile Heating Wall Furnace Heating YN Yes

Property Features

Builder Name Unknown Building Area Total 2581 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 33185 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 16931 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2568.28 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-Mh*

Southwest MLS] logo Listing courtesy of Nm Apartment Advisors, Inc.. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-08-16T21:05:03.107.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109