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1404 Montana Avenue , 1-6

Las Cruces, NM 88001
  • $671,260
  • STATUS: Active
  • ON SITE: 140 Days
  • MLS #: 2400676
UPDATED: 220 min ago
$671,260
  • 7
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1949
County:
Area:

School Ratings & Info

Description

This stunning 6-plex, nicknamed ''The Tall Pines'', due to the remarkable large pine trees that encapsulate this property, is a must see. Designed in a horseshoe/U pattern, it allows for a shared common area which residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho and Boutz, this revitalized 6-unit property is just 1 mile from NMSU and 2 miles from downtown, offering ease of travel for anyone attending NMSU or someone wanting to take advantage of the amazing eateries and breweries located downtown. Measures of investment performance at list price of $671,260 and with average rent of $787 include GRM of 11.85, Before Reserves Cap rate of 5.70% and after tax IRR of 10.50%.

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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: 2024-07-25T00:14:31.54.
www.viewlascruceshomes.com/homes/148336972
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1404 Montana Avenue , 1-6 Las Cruces, NM 88001

  • Price: $671,260
  • Status: Active
  • On Site: 140 Days
  • Updated: 220 min ago
  • MLS #: 2400676
7
Beds
0
Baths
0
½ Baths
0.2
Acres
1949
Built
Neighborhood:
Andrews Summary Subdivision
County:
Dona Ana
Area:
999 - Other
Property Description
This stunning 6-plex, nicknamed ''The Tall Pines'', due to the remarkable large pine trees that encapsulate this property, is a must see. Designed in a horseshoe/U pattern, it allows for a shared common area which residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho and Boutz, this revitalized 6-unit property is just 1 mile from NMSU and 2 miles from downtown, offering ease of travel for anyone attending NMSU or someone wanting to take advantage of the amazing eateries and breweries located downtown. Measures of investment performance at list price of $671,260 and with average rent of $787 include GRM of 11.85, Before Reserves Cap rate of 5.70% and after tax IRR of 10.50%.
Exterior Features

Construction Materials BlockBrick VeneerFrame Parking Capacity 10.00 Parking Features Street Parking Roof FlatMetal

Interior Features

Appliances Range/OvenRefrigerator Cooling Evaporative Central Flooring Foundation Ceramic TileVinyl Heating BaseboardElectric

Property Features

Association YN No Fencing BlockChain Link Green Certified No Included In Rent SewerWater Listing Terms CashConventional Lot Size Dimensions 0 to .24 AC Miscellaneous Individual Water HeaterMeters Separate New Vs Resale Resale Property Condition Good to Excellent Property Sub Type Apartment Complex Sewer City Sewer Tax Legal Description C L ANDREWS Lot: 1 S: 20 T: 23S R: 2E INST # 2218114 PT OF LT 1 Unit Features Kitchen/Dining Room ComboTileVinyl Water Source City

Listing provided courtesy of Marvid Charlson of Property Mgt & Investments of NM: (575) 652-4043. 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: 2024-07-25T00:14:31.54.
 
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