2432 La Fonda Circle
Las Cruces, NM 88001
1 bed | 0.28 acres | #1069161
Description
This updated two story 8-plex is a must see!! Situated off one of Las Cruces' busiest streets, Missouri Ave., it offers seven nicely situated, 1-bed & 1-bath, units at approximately 483 sq/ft and 1 unit being approximately 823 sq/ft. Half of the units are located downstairs and the other half upstairs. The larger unit, #1, also has a 2-car garage that accompanies it that can be kept as a garage space for this unit or turned into individual storage rooms, a laundry room, or even another unit. This larger unit also boasts a private cedar fenced in yard in the rear, making it a perfect space for grilling, relaxing, or letting pets run around in. Measures of investment performance at list price of $737,114 and with average rent of $751 include GRM of 10.22, Cap rate of 6.24%
Property Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- SubdivisionDESERT WILLOW ESTATES SUBDIVISION
- Property TypeMulti-Family
- Exterior MaterialsLandscaping
- Property SubtypeMultiFamily
- CountyDona Ana
- Original List Price$737,414
- MLS #1069161
- MLS #1069161
- Taxes Annual$2,932
- Cost737414
- Acres0.28
- Year Built1984
- Bedrooms1
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)
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