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12008 Phoenix Avenue Ne
Albuquerque, NM 87112

33,750 SqFt
69,696 SqFt Lot
1.6000 Acres

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.
Property Type:   Land
Living Space:   33,750 SqFt
Lot Size:   69,696 SqFt Lot
Lot Acres:   1.6000 Acres
Year Built:   1979
Neighborhood:   Northeast Heights
Subdivision:   Brentwood Park Complex A-2
MLS#:   912647
Home Features
Gas Heating
Two+ Story
Wall To Wall Carpet

Listing Agent: Todd D Clarke    Listing Broker: Nm Apartment Advisors, Inc.    Agent Phone: 5054408633    Broker Phone: 5054408633   

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