12209 Eric Court, Albuquerque, 87112



Todd D Clarke
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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%.

Essential Information

MLS® #: 954750
Price: $275,000
Square Footage: 2,769
Acres: 0.28
Year Built: 1977
Type: Residential Income
Sub-Type: Four Plex
Status: Pending

Community Information

Address: 12209 Eric Court
Area: 50 - Northeast Heights
Subdivision: Brentwood Hills Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87112


Amenities: No Landscaping
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected


Appliances: Refrigerator
Heating: Other - See Remarks
Cooling: Other - See Remarks
# of Stories: 1
Stories: 1 Story


Construction: Frame

Additional Information

Date Listed: September 27th, 2019
Days on Market: 10
Zoning: R-ML*

Listing Details

Listing Agent: Todd Clarke
Listing Office: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633


$/SqFt: $99

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Listing information last updated on October 16th, 2019 at 7:56am MDT.