12008 Phoenix Avenue Ne, Albuquerque, 87112

Beds
Baths
33,750Sqft
1.6Acres
1979Built
625DOM

$3,600,000

Todd D Clarke
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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.

Essential Information

MLS® #: 912647
Price: $3,600,000
Square Footage: 33,750
Acres: 1.60
Year Built: 1979
Type: Residential Income
Sub-Type: 9 or More Units
Status: Active

Community Information

Address: 12008 Phoenix Avenue Ne
Area: 50 - Northeast Heights
Subdivision: Brentwood Park Complex A-2
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87112

Amenities

Amenities: Wshr/Dryr HU in Unit, Enclosed Yard
Utilities: All City

Interior

Appliances: Refrigerator
Heating: Gas
Cooling: Evaporative
# of Stories: 2
Stories: 2 Story

Exterior

Construction: Frame

Additional Information

Date Listed: March 6th, 2018
Days on Market: 625
Zoning: PD*

Listing Details

Listing Agent: Todd Clarke
Listing Office: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633

Financials

$/SqFt: $107

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Listing information last updated on November 22nd, 2019 at 2:43am MST.