Description
This stunning 6-plex, nicknamed 'The Tall Pines', due to the remarkable large pine trees that encapsulates this property, is a must see. Comprised of 5, 1 bed 1 bath units, & 1, 2 bed 1 bath unit, it is designed in a horseshoe pattern which allows for a shared common area that residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho & Boutz, this revitalized property is just 1 mile away from NMSU & 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 $633,500 and with average rent of $787 include GRM of 11.65, Before Reserves Cap rate of 5.50% and after tax IRR of 10.50%.
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This stunning 6-plex, nicknamed 'The Tall Pines', due to the remarkable large pine trees that encapsulates this property, is a must see. Comprised of 5, 1 bed 1 bath units, & 1, 2 bed 1 bath unit, it is designed in a horseshoe pattern which allows for a shared common area that residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho & Boutz, this revitalized property is just 1 mile away from NMSU & 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 $633,500 and with average rent of $787 include GRM of 11.65, Before Reserves Cap rate of 5.50% and after tax IRR of 10.50%.
© 2025 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: 2025-04-24T12:14:32.917.