13207 Mountain Pl NE

Subject: Two Duplexes on one corner lot ala courtyard style, FAR NE heights with room for more!

Good afternoon!

NM Apartment Advisors is excited to bring to market this rare opportunity to own a Far North East Heights, large corner-lot, owner occupant style fourplex. Potential uses for the extra land include a small casita, RV Storage, dog run, community garden, a wood/workshop and so much more.

Units A & B have separate back yard spaces and all units have a separate storage unit.  Community coin operated laundry is adjacent to the common gathering. A new TPO roof is being installed in the February, a new 75 gallon hot water heater was installed in January 2025, the evaporative coolers were replaced 2021 and all furnaces are relatively new. Full inspection reports available to qualified investors who complete the online confidentially agreement at www.nmapartment.com/13207MountainPlNE

Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.

24 page flyer at http://www.nmapartment.com/apt/NMAA-Mountain13297NE.pdf

Virtual Tour of Unit A - http://www.nmapartment.com/mountain12307NE3d

Virtual Tour of Unit B - http://www.nmapartment.com/mountain12307NE3d2 

Measures of investment performance at ask price of $597,607 and average rents, as of $1,125 are a GRM of 11.07, a 6.20% cap rate, $149,902 per unit,  $186/sf.  (Note average rents on this property are up  double digits from a 2024!)

If rents are raised to market rents of $1,425, the measure of investment performance improve to a GRM of 8.74, and a cap rate of 6.86%.

 

Do not wait, the market inventory is very low in owner occupant properties like this amazing fourplex.

Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

 

• Courtyard style
• Patio style homes
• Common laundry room
• Extra land for RV/storage