Address
12008 Phoenix Avenue NE Albuquerque, NM
Price
$ 3,600,000
Property Attributes
  • MLS#912647
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaNortheast Heights
  • NeighborhoodBrentwood Park Complex A-2
  • Zip87112
  • Style9 or More Units
  • Year Built1979
  • Taxes9188
  • Price$ 3,600,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage33750
  • Lot Size1.6 Acres
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/6/2018 Listed $3,600,000

General Features

Amenities Enclosed Yard, Wshr/Dryr HU in Unit
Builder Unknown
Construction Frame
Finance Considered Cash, Conventional
Number of Units 30.00
Rental Info Other - See Remarks
Stories 2.0
Subdivision Brentwood Park Complex A-2
Tenant Pays Other - See Remarks
Zoning PD*

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling Evaporative
Flooring Carpet
Heating Gas
Utilities All City

Exterior Features

Disability Access Unknown
Exterior Material Stucco

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87112

Price
AVG $720K
$3.6M
Taxes
AVG $4,068
$9,188
Visits
AVG 26
112
Year Built
AVG 1975
1979
Walkscore
AVG 60
56

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