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308 Charleston ST NE Albuquerque, NM 87108
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Key Details
Sold Price $315,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,581 sqft
Price per Sqft $122
Subdivision Loma Verde
MLS Listing ID 1017649
Sold Date 07/25/23
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1961
Annual Tax Amount $2,566
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions Public Records
Property Description
308 Charleston NE is a fourplex with a new price of $339,736 - the partners in this deal have asked us to get it moved asap so they can close out this partnership and move on to their next deals.Three units of the four units one bedroom, one bathroom units have had minor upgrades. The community is a short walk to La Mesa Elementary school and park. This fourplex is located in an area of that has had major announcements of new employment and new investment from the City of Albuquerque.At the new ask price of $339,736 the measure of investment performance include a price per unit of $84,934, and a price per square foot of $131.63, a GRM of 8.68, a after reserves cap rate of 6.51%, and a after tax IRR of 14.80%.
Location
State NM
County Bernalillo
Area 70 - Fairgrounds
Interior
Heating Wall Furnace
Cooling Evaporative Cooling
Flooring Tile
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101905724221732717
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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