$3,600,000

12008 Phoenix Avenue NE, Albuquerque NM 87112

Chelwood2306NE-09082016 (1)
Chelwood2306NE-09082016 (1)
Chelwood2306NE-09082016 (3)
D-12008PhoenixNE-09092016 (6)
D-2306ChelwoodNE-09082016 (4)
2306ChelwoodNE-10202016 (3)
2306ChelwoodNE-10202016 (2)
2306ChelwoodNE-10202016 (7)
2306ChelwoodNE-10202016 (4)
2306ChelwoodNE-10202016 (5)
2306ChelwoodNE-10202016 (12)
2306ChelwoodNE-10202016 (21)
2306ChelwoodNE-10202016 (1)
2306ChelwoodNE-10202016 (31)
2306ChelwoodNE-10202016 (8)
2306ChelwoodNE-10202016 (9)
2306ChelwoodNE-10202016 (22)
2306ChelwoodNE-10202016 (23)
2306ChelwoodNE-10202016 (15)
2306ChelwoodNE-10202016 (16)
2306ChelwoodNE-10202016 (17)
2306ChelwoodNE-10202016 (19)
2306ChelwoodNE-10202016 (20)
2306ChelwoodNE-10202016 (32)
Northeast Heights 33,750 1.60 acres 1979 $9,188 912647
Listing Information
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.

Contact Information

Lisa Hebenstreit
505-242-2272
lisa@hebenstreit.com
505-234-7482
P.O. Box 7626, Albuquerque, NM 87194
 

Property Overview

$3,600,000 12008 Phoenix Avenue NE Northeast Heights (50) Brentwood Park Complex A-2 33,750 1.60 acres 1979 $9,188 912647 Two Carpet Stucco Gas Evaporative Cooling
Refrigerator
Calculate Mortgage

Property Details

# of Unit Types (1):

1.50 2 30 849 1125 1013 963 Townhouse

Unit Summary:

305640.00 849.00 1125.00 25470.00 30
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.
Map of 12008 Phoenix Avenue NE

SU-1, PD*
1All dimensions are approximate. Interested buyers should independently verify all measurements. For Sale By Owner New Mexico neither guarantees nor warrants the accuracy of the information contained on this web page. The information provided here is the sole responsibility of the property seller. This property listing is provided by Todd D Clarke, (505) 440-8633, tclarke@nmapartment.com and Southwest Multiple Listing Service, Inc.