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308 Charleston Street NE

Albuquerque, NM 87108
  • $363,253
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 1017649
UPDATED: 17 min ago
$363,253
  • 2
    BEDS
  • 0.19
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,581
    SQFT
  • $141
    $/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 IRR308 Charleston SE has the highest income (average rents of $777) and at the ask price of $363,253 the measures of investment performance include a GRM of 9.74, a before reserves cap rate of 5.46% and an after tax IRR of 14.90%. If rents are raised to the market of $835, the measures of investment performance improve to a cap rate of 5.88%, and cash on cash of 5.34%

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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 The Buchman Group | Keller Williams Realty. Data last updated: 2022-08-17T19:05:06.61.
www.mynmdreamhome.com/homes/130263840
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308 Charleston Street NE Albuquerque, NM 87108

  • Price: $363,253
  • Status: Active
  • On Site: 53 Days
  • Updated: 17 min ago
  • MLS #: 1017649
2
Beds
1
Baths
0
½ Baths
0.19
Acres
2,581
SQFT
$141
$/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 IRR308 Charleston SE has the highest income (average rents of $777) and at the ask price of $363,253 the measures of investment performance include a GRM of 9.74, a before reserves cap rate of 5.46% and an after tax IRR of 14.90%. If rents are raised to the market of $835, the measures of investment performance improve to a cap rate of 5.88%, and cash on cash of 5.34%
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 35420 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 16494 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2566.82 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 The Buchman Group | Keller Williams Realty. Data last updated: 2022-08-17T19:05:06.61.
 
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The Buchman Group | Keller Williams Realty
6703 Academy Rd NE
Albuquerque NM, 87109