Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
Listing photo for 12008 Phoenix Avenue Ne, Albuquerque, NM
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12008 Phoenix Avenue Ne,

Albuquerque, NM

$3,600,000

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.

Facts & Features
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
Has Pool No
Interior
Appliances Refrigerator
Heating Gas
Cooling Evaporative
Fireplace No
# of Stories 2
Stories 2 Story
Exterior
Construction Frame
Builder Unknown
Additional Information
Date Listed March 6th, 2018
Days on Market 384
Zoning PD*
Short Sale No
RE / Bank Owned No
Finance Considered Cash To Owner, Conventional
Listing Details
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Need Help Fast Call (505) 886-1432

Photo of Carlos R Martinez

Carlos R Martinez

Office: (505) 923-4691
Cell: (505) 350-8184

Greater Albuquerque Association of Realtors Logo 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 March 26th, 2019 at 12:43am MDT.