325 Charleston StAlbuquerque, NM 87108

Property Details for 325 Charleston St

Year built

1976

Lot size

0.16 AC

Property size (Sq ft)

1,344 SF

Property type

Apartment buildings

Description

This charming 1,344 square foot duplex in Albuquerque, New Mexico, presents a compelling investment opportunity. Built in 1976, this single-story, one-building property features two 672 square foot units, each independently metered for gas and electricity. The asking price is $178,800, translating to $89,400 per unit and $133.04 per square foot. The property boasts a pro-forma cap rate of 7.24% and a pro-forma NOI of $12,954. Situated on a 0.155-acre lot, the property includes four off-street parking spaces and is zoned R-ML. Unit A currently rents for $900 per month, while Unit B is vacant. Convenient amenities include a fenced patio and washer/dryer hookups in Unit A. The property's prime location in southeast Albuquerque offers easy access to Kirtland Air Force Base, the Downs Casino, Expo New Mexico, and the Cesar Chavez Community Center, along with numerous shopping, dining, and transit options. High daily traffic volumes on nearby Zuni and Louisiana Boulevard further enhance its appeal. A new security system has been recently installed. 28-hour notice is required for showings. APN: 101905621349722508.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0718

Longitude

-106.561

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