12008 Phoenix Avenue NE

Estimated Monthly Payment: $17,182/mo 12008 Phoenix Avenue NE, Albuquerque, NM 87112 MLS# 912647 Multifamily Listing Status: Active
33,750 sqft
80
39
0
40

REMARKS:

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.

OVERVIEW:

Multifamily
9 or More Units
Active
50
Northeast Heights
Brentwood Park Complex A-2
1979
33750
1.60
69818
Stucco
Frame
Gas
Evaporative
All City

FEATURES:

Refrigerator
Enclosed Yard, Wshr/Dryr HU in Unit
Carpet

FINANCIAL:

$3,600,000
$9,188.42
Other - See Remarks

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