FAR NE Heights triplex

On behalf of the owners, NM Apartment Advisors is excited to bring to market this amazing, pride-of-ownership Northeast heights triplex. Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes: - Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage. - Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home. - Unit C is a 829 square foot, 2 bedroom, 1 bathroom home. Each residence has its own private area and/or backyard. Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping. 16 page flyer at http://www.nmapartment.com/apt/NMAA-Menaul12229NE.pdf Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%, with the potential to lower an investors effective federal tax rate from 35% to 5%. (ask listing broker for additional details and/or zoom video/powerpoint). If rents are raised to market rents of $1,633, the measure of investment performance improve to a GRM of 9.85, and a cap rate of 6.62%. Do not wait, the market inventory is very low in owner occupant properties like this amazing triplex Thanks, Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD