NM Apartment Advisors is excited to have listed this fabulous owner occupant style fourplex at 12209 Eric Court NE with potential owners' unit. Property has an amazing location - biking distance to restaurants and retail and a bike (72) score. Built in 1977, each unit includes washer/dryer hooks and some recent renovations.At the ask price of $275,000 and an average rent of $605 the measure of investment performance include a GRM of 9.47, a CAP rate of 5.20%, a price per unit of $68,750, a price per square foot of $82.34 and an after-tax IRR of 14.00%.If the rents are raised to market average of $727 the measure of investment performance improved to a GRM of 7.88, a CAP rate of 7.20%.
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Listing information last updated on October 16th, 2019 at 7:56am MDT.