12209 Eric Court NE, Albuquerque, NM 87112

Property Description

Fantastic opportunity on this hard to find updated 4-plex nestled on a cul-de-sac in the desirable NE Heights near Candelaria x Tramway! All four units are 2 bedroom/1 bathroom and Washer & Dryer ready. Over $115K invested in this gem!Outside:- New roof & HVAC (all units) in August 2024,- Fresh Zeroscaped landscaping for little to no maintenance.Inside:- Unit A is completely renovated a new kitchen, bathroom, flooring, texture/paint and lighting: A perfect set-up for an Owner-Occupied or a STR/MTR with rental comps in this exact area at $2000/month.- Unit D was just renovated with a new bathroom, new windows, and more. This unit should fetch a nice rent amount as a LTR or is perfect for an owner-occupant too that chooses to STR/MTR unit A for more income. It's not an exaggeration to live rent-free in unit D and have the other units contribute an estimated $4,200 monthly while your property appreciates!This property is priced to sell fast compared to other nearby 4-plex's given the many upgrades and improvements! This property offers a great ROI with market rents between $1250/unit for LTR ($5K/month) and $2000/unit for STR/MTR ($8K/month).More on seller financing:Owner believes that seller-financing is a great opportunity for both the seller and the buyer and has a strong preference towards any offers that are seller-financed and a stronger preference towards owner-occupied seller financing. Financing terms are negotiable, but starting terms are 7.25% on a 30-year amortization schedule, 5 yr Balloon, with minimum 12% down and 20% preferred!Call today for more details on this incredible deal.