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  • DESCRIPTION

    Amazing property contains ownership style, two story townhouse units with 2 bedrooms, 1.5 bathrooms, laundry room and private back patio/area.Located in NE heights - close to foothills, schools, shopping, restaurants with easy access to Interstate 40.Property is two adjacent properties - 8 formerly condo units at 2306 Chelwood NE, and 22 units at 12008 Phoenix NE. (see page 2 of the flyer for aerial guide).Measure of investment performance at current average rent of $849, include GRM of 11.77, 5.30% Cap rate after reserves, 8.31% cash on cash, and after tax IRR of 12.50%. If rents are moved to market of $963, MIP improves to 10.62 GRM, 6.30% Cap rate after reserves, 12.20% cash on cash and 31.60% IRR.

    KEY DETAILS
    • Price:
    • $3,600,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 33,750
    • Acreage:
    • 1.60
    • Year Built:
    • 1979
    • MLS #:
    • 912647
    • Street Address:
    • 12008 Phoenix Ave
    • City:
    • Albuquerque
    • State:
    • NM
    • Postal Code:
    • 87112
    • County:
    • Bernalillo
    • Area:
    • 50 - Northeast Heights
    • Subdivision:
    • Brentwood Park Complex A-2
    • Listing Status:
    • For Sale - Active

    Building

    • Age Of Dwelling:
    • 31 - 40
    • Amenities:
    • Enclosed Yard, Wshr/Dryr Hu In Unit
    • Construction Description:
    • Frame
    • Flooring:
    • Carpet
    • Number Of Units:
    • 30.00
    • Siding:
    • Stucco
    • Stories:
    • 2
    • Total # Of Buildings:
    • 3
    • Total Building Square Footage:
    • 33750
    • Year Built:
    • 1979

    Land

    • Approximate Lot Size Range Source:
    • On-Line
    • Conforms To Zoning:
    • Pd*
    • Lot Square Footage:
    • 69818.00

    Listing

    • Days On Market:
    • 383
    • Terms:
    • Cash, Conventional

    Money

    • Price Per Square Foot:
    • 106.67
    • Property Taxes:
    • $9,188
    • Tenant Pays:
    • Other - See Remarks

    Systems

    • Appliances:
    • Refrigerator
    • Cooling System:
    • Evaporative Cooling
    • Heating:
    • Gas

    Source

    • Listing provided by Nm Apartment Advisors

      ALBUQ
    REQUEST SHOWING
    NOTES

    No notes have been added for this home.

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