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Sold on 07/25/23
  • Price Unknown

    308 Charleston St NE, Albuquerque, NM 87108

    1beds
    1baths
    2,581sqft
    Quadruplex, Multi Family
    Built in 1961
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $1,495 Estimated rent

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    What's special

    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%.

    Zillow last checked: 7 hours ago

    Listing updated: July 15, 2025 at 10:36am

    Listed by:

    Todd D Clarke 505-440-8633,

    NM Apartment Advisors, Inc.

    Bought with:

    Anton F Determan, 53934

    Real Broker, LLC

    Source: SWMLS,MLS#: 1017649MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    Heating
    • Wall Furnace
    Cooling
    • Evaporative Cooling
    Appliances
    • Included: Refrigerator
    Features
    • Flooring: Tile
    • Has basement: No
    Interior area
    • Total structure area: 2,581
    • Total interior livable area: 2,581 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 8,276 sqft
    Details
    • Parcel number: 101905724221732717
    • Zoning description: R-MH*

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Block, Frame, Stucco
    Condition
    • Resale
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Electric: None
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
    Green energy
    • Energy generation: None

    Community & neighborhood

    Location
    • Region: Albuquerque
    • Subdivision: Loma Verde

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan