About 13207 Mountain Place Ne
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.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.
Features of 13207 Mountain Place Ne
| MLS® # | 1060957 |
|---|---|
| Price | $597,607 |
| Price Per Sq.Ft. | $189.6 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 3,152 |
| Acres | 0.27 |
| Year Built | 1979 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 13207 Mountain Place Ne |
|---|---|
| Area | 50 - Northeast Heights |
| Subdivision | Panorama Heights |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87112 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Tile |
|---|---|
| Appliances | Refrigerator |
| Heating | Central, Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Landscaping |
|---|---|
| Construction | Frame, Stucco |
| Builder | Unknown |
Additional Information
| Date Listed | April 18th, 2024 |
|---|---|
| Days on Market | 289 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional, FHA, VA Loan |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|