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1140 Monte Vista Avenue

Las Cruces, NM 88001
  • $2,200,000
  • STATUS: Active
  • ON SITE: 133 Days
  • MLS #: 2400308
$2,200,000
  • 40
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Ratings & Info

Description

MULTI-FAMILY INVESTMENT...In close proximity to New Mexico State University, this property offers a lucrative investment opportunity with a proven track record of rental success. The demand for quality rental units in the university area ensures a steady and reliable income stream.7% cap rate. $125,000 price per unit. Staircase redone (steel plate) and new swamp coolers 2023.

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© 2024 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Better Homes and Gardens Real Estate - Steinborn & Associates. Data last updated: 2024-06-15T00:14:16.917.
www.viewlascruceshomes.com/homes/147204016
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1140 Monte Vista Avenue Las Cruces, NM 88001

  • Price: $2,200,000
  • Status: Active
  • On Site: 133 Days
  • MLS #: 2400308
40
Beds
0
Baths
0
½ Baths
0.65
Acres
1978
Built
Neighborhood:
Crescent Park Addition
County:
Dona Ana
Area:
332 - Crescent Pkarea
Property Description
MULTI-FAMILY INVESTMENT...In close proximity to New Mexico State University, this property offers a lucrative investment opportunity with a proven track record of rental success. The demand for quality rental units in the university area ensures a steady and reliable income stream.7% cap rate. $125,000 price per unit. Staircase redone (steel plate) and new swamp coolers 2023.
Exterior Features

Construction Materials Frame Parking Capacity 40.00 Parking Features Paved AreaStreet Parking

Interior Features

Appliances Range/OvenRefrigerator Building Area Total 13392 Cooling Evaporative Central Flooring Foundation Ceramic Tile Heating Electric

Property Features

Association YN No Compensation Buyer Agency 1.5% Compensation Disclaimer The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Green Certified No Included In Rent None Listing Terms CashConventional Lot Size Dimensions .51 to .75 AC New Vs Resale Resale Property Condition Good to Excellent Property Sub Type Apartment Complex Sewer City Sewer Tax Legal Description Subd: SAGE ADDITION 309 Lot: LT 1 2 3 4 Block: 3 S: 20 T: 23S R: 2E Water Source City

Listing provided courtesy of Veronica Lindley of VNL Realty LLC: (575) 640-4540. All listing information was provided by Southern New Mexico Multiple Listing Service.


© 2024 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Better Homes and Gardens Real Estate - Steinborn & Associates. Data last updated: 2024-06-15T00:14:16.917.
 
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