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PRICE $3,600,000
BEDS 0
BATHS 0 bath
HOME SIZE 33,750 sq ft
LOT SIZE 1.60 ac

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.

DAYS ON MARKET 137 LAST UPDATED 3/6/2018
TRACT Brentwood Park Complex A-2 YEAR BUILT 1979
COMMUNITY 50 - Northeast Heights COUNTY Bernalillo
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Evaporative
AIR CONDITIONING Yes
APPLIANCES Refrigerator
AREA 50 - Northeast Heights
BASEMENT No
CONSTRUCTION Frame
EXTERIOR Stucco
HEAT Gas
INTERIOR Enclosed Yard, Wshr/Dryr HU in Unit
LOT 1.60 acre(s)
SUBDIVISION Brentwood Park Complex A-2
TAXES 9188.42
Listed with NM Apartment Advisors, Inc.

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