• $3,600,000 12008 Phoenix Avenue Ne Albuquerque, NM 87112 Active
  • 33750 Sqft. $107 Per Sqft. 1.60 Acres MLS® #:912647 Built in 1979
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Essential Information

  • MLS® #912647
  • Price$3,600,000
  • Square Footage33,750
  • Acres1.60
  • Year Built1979
  • TypeResidential Income
  • Sub-Type9 or More Units
  • StatusActive
  • Listing OfficeNM Apartment Advisors, Inc.

Community Information

  • Address12008 Phoenix Avenue Ne
  • Area50 - Northeast Heights
  • SubdivisionBrentwood Park Complex A-2
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87112

Amenities

  • UtilitiesAll City

Amenities

Wshr/Dryr HU in Unit, Enclosed Yard

Interior

  • AppliancesRefrigerator
  • HeatingGas
  • CoolingEvaporative
  • # of Stories2
  • Stories2 Story

Exterior

  • ConstructionFrame
  • BuilderUnknown

Additional Information

  • Date ListedMarch 6th, 2018
  • Days on Market319
  • ZoningPD*
  • Finance ConsideredCash To Owner, Conventional

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.


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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on January 19th, 2019 at 8:13pm MST.