Bought with Star Realty New Mexico LLC
$250,000
$249,757
0.1%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
2,581 SqFt
SOLD DATE : 09/02/2022
Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,581 sqft
Price per Sqft $96
Subdivision Emil Mann
MLS Listing ID 1017676
Sold Date 09/02/22
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $1,806
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions Public Records
Property Sub-Type Quadruplex
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 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%.
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 101905724223032715
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Conventional
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