NOT LISTED FOR SALE

312 Charleston St NE Albuquerque, NM 87108

Fairgrounds Neighborhood
1 Bed
1 Bath
2,581 Sq Ft
8,712 Sq Ft Lot

Last Sold December 15, 2022

142 Days on Market

Highlights

  • Evaporated cooling system
  • Wall Furnace
  • Property has 1 Level
  • Tile Flooring

About This Home

As of December 2022

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%

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 06/24/2022

Last Buyer's Agent

Elias Medina

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,568

Year Built

  • Built in 1961

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 2,581 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101905724222332716

Community Details

Overview

  • 2,581 Sq Ft Building
  • Loma Verde Subdivision

Building Details

  • Operating Expense $16,931
  • Gross Income $33,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,568

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From I-40 and Wyoming, south to Copper, West to Charleston, south to property.
  • Listing Contract Date: 2022-06-24
  • Year Built: 1961
  • Lot Size Acres: 0.2
  • Subdivision Name: Loma Verde
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 51 - 60
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 2581.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Block, Frame
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Wall Furnace
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 8712.0
  • Parcel #: 101905724222332716
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 33185.0
  • Annual Operating Expense: 16931.0

Tax Info

  • Tax Annual Amount: 2568.28

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2022 12/15/22 Sold -- -- --
11/14/2022 11/14/22 Pending -- -- --
10/29/2022 10/29/22 For Sale $324,969 0.0% $126 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $324,969 -- $126 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2022

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    13 in this area

    225 Total Sales

    Section Image
  • Elias Medina

    Buyer's Agent in 2022

    Elias Medina

    Keller Williams Realty

    (505) 372-6063

    21 in this area

    1,890 Total Sales

    Section Image
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Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1017675

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-057-242-223-3-27-16

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

312 Charleston St NE, Albuquerque, NM

This home is located at 312 Charleston St NE, Albuquerque, NM 87108 since 24 June 2022. This property was built in 1961. 312 Charleston St NE is a home located in Bernalillo County with nearby schools including La Mesa Elementary School, Hayes Middle School, and Highland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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