1404 Montana Avenue
Las Cruces, NM 88001
3275 sqft | 1 bed | 0.20 acres | #1057908
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%.
Property Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
- SubdivisionSUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST # 2218114 PT OF LT 1
- Property TypeMulti-Family
- Exterior MaterialsLandscaping
- Property SubtypeMultiFamily
- CountyDona Ana
- Original List Price$671,260
- MLS #1057908
- MLS #1057908
- Taxes Annual$3,009
- Cost671260
- Square Feet3275
- Year Built1949
- Acres0.2
- Bedrooms1
- Stories1
Location
Legal
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Last Updated: . Source: SWMLS
Listing Courtesy
Listing Agent: Todd D Clarke (#clarkeda)
Listing Office: NM Apartment Advisors, Inc. (#NMAP01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
