13207 Mountain Pl NE

Subject: Back to market before back to school– courtyard style, FAR NE heights fourplex on corner lot with room for more

Good morning!

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. 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 $1,069 are a GRM of 11.65, a 5.56% cap rate, $149,902 per unit,  $186/sf.  (Note average rents on this property arte up 7.555 from 4 months ago!)

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 6.87%.

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 home style
• Common laundry room
• Extra land for RV/storage