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Nysha Lynn, Sales Associate
Pending
$249,757

320 Charleston Street NE
Albuquerque, NM 87108

Fourplex, Multi-Family
Residence
2
Beds
1
Baths
2,581
Sqft
0.24
Lot Size
1of
Photos
Map
Courtesy: NM Apartment Advisors, Inc.505-440-8633
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 Cap rate - 16.40% after tax IRR.320 Charleston SE has the lowest income (average rents of $660) and at the ask price of ask price of $249,757 the measures of investment performance include a GRM of 7.88, a before reserves cap rate of 5.57% and an after tax IRR of 16.40%. If rents are raised to the market of $835, the measures of investment performance improve to a cap rate of 8.15%.
1017676
Fourplex, Multi-Family, 1 Story
2
Bernalillo
1
1956
0.24 Acres
1
Block,Frame
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Courtesy: NM Apartment Advisors, Inc.505-440-8633
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service. 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.
This content last refreshed on 8/9/2022 3:39 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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