12008 Phoenix Avenue NE
Albuquerque, NM 87112
MLS #912647

Multi-family
  • 30units
$3,600,000
Est. P&I payment: $13749.56/mo
12008 Phoenix Avenue NE, Albuquerque, NM 87112
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Description for 12008 Phoenix Avenue NE, Albuquerque, NM 87112
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.
MLS #912647
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My Notes for MLS #912647

General Features

  • Property Type: C
  • Units for Sale: 30
  • Approx Structured SqFt: 33,750
  • Year Built: 1979
  • Acres: 2
  • Total Number of Stories: 2
  • Total Number of Buildings: 3
  • Stories: 2
  • Property Sub-Type: 9 or More Units
  • 5+ Units: Yes
  • Age: 31 - 40
  • Number of Units: 30
  • Lot SqFt: 69,818
  • Zoning: SU-1

Exterior Features

  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 30
  • Unit Type 1: Number of Bedrooms: 2
  • Unit Type 1: Number Baths: 2
  • Unit Type 1: Style: Townhouse
  • Unit Type 1: Average SqFt: 1,125
  • Unit Summary: Total Units: 30
  • Unit Summary: Average Unit Size: 1,125
  • Unit Summary: Average Actual Rent: 849
  • Unit Summary: Annualized: 305,640
  • Flooring: Carpet

Utility Features

  • Amenities: Enclosed Yard,​Wshr/Dryr HU in Unit
  • Appliances included: Refrigerator
  • Cooling: Evaporative
  • Heating: Gas
  • Utilities: All City

Financial Features

  • Approximate Taxes: 9,188
  • List Price/SqFt: 107
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 849
  • Unit Type 1: Max Rent: 963
  • Unit Type 1: Market Rent: 1,013
  • Unit Summary: Total Actual Rent: 25,470
  • Finance Considered: Cash,​Conventional
  • Owner Pays: Other - See Remarks
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: Brentwood Park Complex A-2

Miscellaneous Features

  • Disability Access: Unknown
  • Lead Base Paint: No
  • Construction: Frame

Location

 
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Directions to 12008 Phoenix Avenue NE, Albuquerque, NM 87112
From I-40 and Juan Tabo - north to Menaul, east to Chelwood Park, north to property at 2306 Chelwood NE, balance of property is found off Phoenix (to the north) at 12008 Phoenix NEPlease note property has multiple UPCs.
The listing information for 12008 Phoenix Avenue NE, Albuquerque, NM 87112 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/26/2018 at 4:57am
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