• Price:

    • $3,600,000

  • Listing #:
    • 912647
  • Class:
    • Multi-Residential
  • Status:
    • Active
  • Type:
    • 9 Or More Units
  • Apx. SqFt:
    • 33,750
  • # of Acres:
    • 1.60
  • Lot Size:
    • 69,818
  • Year Built:
    • 1979
  • Subdivision:
    • Brentwood Park Complex A - 2
  • Address:
    • NE Phoenix Avenue
  • City:
  • County:
    • Bernalillo
  • Area:
    • 50 - Northeast Heights
  • State:
    • NM
  • Zip:
    • 87112

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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.

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  • Units
    • Owner Occupant Unit:
      • - Yes
    • Total # Of Buildings:
      • - 3
    • # Of Units:
      • - 30.00
    • Unit Summary: Total Units:
      • - 30
    • # Of Unit Types (1): # Of Units:
      • - 30
    • # Of Unit Types (1): Style:
      • - Townhouse
    • # Of Unit Types (1): Approx. Sqft:
      • - 1125
    • # Of Unit Types (1): # Of Bedrooms:
      • - 2
    • # Of Unit Types (1): # Baths:
      • - 1.50
    • # Of Unit Types (1): Market Rent:
      • - 1013
    • # Of Unit Types (1): Actual Rent:
      • - $849.00
    • # Of Unit Types (1): Max Rent:
      • - 963
  • Construction
    • Age:
      • - 31 - 40
    • Number Of Stories:
      • - 2
    • Stories:
      • - 2.0
    • Details:
      • - Frame
    • Details:
      • - Stucco
    • Builder:
      • - Unknown
    • Flooring:
      • - Carpet
    • Basement:
      • - No
    • Disability Access:
      • - Unknown
    • Lbp Disclosure:
      • - No
  • Lot
    • Multiple Lots:
      • - Two
    • Details:
      • - Pd*
  • Rent
    • Tenant Pays:
      • - Other - See Remarks
    • Rental Info:
      • - Other - See Remarks
    • Unit Summary: Annualized:
      • - 305640.00
    • Unit Summary: Average Unit Size:
      • - 1125.00
    • Unit Summary: Average Actual Rent:
      • - 849.00
    • Unit Summary: Total Actual Rent:
      • - 25470.00
    • Owner Pays:
      • - Other - See Remarks
  • Utilities
    • Utilities:
      • - All City
    • Heating:
      • - Gas
    • Cooling:
      • - Evaporative
  • Income & Expenses
    • Approx. Taxes:
      • - 9188.42
    • Tax Exemption:
      • - No
  • Miscellaneous
    • Details:
      • - Enclosed Yard
      • - Wshr / Dryr Hu In Unit
    • Appliances Included:
      • - Refrigerator
    • Days On Market:
      • - 161
    • Finance Considered:
      • - Cash
      • - Conventional

For more information on this listing, please contact...