12008 Phoenix Avenue NE

    Albuquerque, NM 87112
    • $3,600,000
    • STATUS: Active
    • ON SITE: 590 days
    • MLS #: 912647
    UPDATED: 115 min ago
    $3,600,000
    • 0
      BEDS
    • 1.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 33,750
      SQFT
    • $107
      $/SQFT
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    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.

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    IDX information © 2019 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2019-10-18T00:05:27.73.
    www.metrohomesearch.com/homes/81325833

    12008 Phoenix Avenue NE Albuquerque, NM 87112

    • Price: $3,600,000
    • Status: Active
    • Updated: 115 min ago
    • MLS #: 912647
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.6
    Acres
    33,750
    SQFT
    $107
    $/SQFT
    1979
    Built
    Neighborhood:
    Brentwood Park Complex A-2
    County:
    Bernalillo
    Area:
    50 - Northeast Heights
    Property 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.
    Exterior Features

    Construction Frame Exterior Material Stucco Stories 2 Total Buildings 3 Total Stories In Building 2.0

    Interior Features

    Appliances Included Refrigerator Average Unit Size 1125.00 Basement No Cooling Evaporative Cooling Flooring Carpet Heating Gas Unit Type1 Approx Sq Ft 1125 Unit Type1 Baths 1.50 Unit Type1 Bedrooms 2 Unit Type1 Style Townhouse

    Property Features

    5 Plus Units Yes Age 31 - 40 Allowance Concession YN No Amenities Enclosed YardWshr/Dryr Hu in Unit Apx Taxes 9188.42 Average Actual Rent 849.00 Bank Owned No Builder Unknown Disability Access Unknown Finance Considered CashConventional Lead Base Paint No Lot Size Source On-Line Multiple Lots Two Owner Occupant Unit Yes Owner Pays Other - See Remarks Property Sub Type 9 Or More Units Rental Info Other - See Remarks Sq Ft Source Professional Tax Exemption No Tenant Pays Other - See Remarks Total Actual Rent 25470.00 Total Units 30 Trade Exchange Considered No Unit Summary Annualized 305640.00 Unit Type1 Actual Rent 849 Unit Type1 Market Rent 1013 Unit Type1 Max Rent 963 Unit Type1 Num Units 30 Units For Sale 30 Utilities All City Zoning Pd*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2019 Southwest Multiple Listing Service, Inc.
    IDX information © 2019 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2019-10-18T00:05:27.73.
     
    Campbell & Campbell Real Estate Services
    6715-B Academy NE
    Albuquerque NM, 87109