-
1404 Montana Avenue Las Cruces, NM 88001
- Multi-family (5 or more units) / Resale (MLS)
Property Details for 1404 Montana Avenue, Las Cruces, NM 88001
Features
- Price/sqft: $204
- Total Units: 6
- Total Rooms: 1
- Room List: Bedroom 1
Facts
- Year Built: 01/01/1949
- Property ID: 861827033
- MLS Number: 1057908
- Property Type: Multi-family (5 or more units)
- County: DONA ANA
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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%.
Real Estate Professional In Your Area
Are you a Real Estate Agent?
Get Premium leads by becoming a RealtyStore.com preferred agent for listings in your area
Click here to view more details
Property Brokerage:
NM Apartment Advisors Inc.
524 Central Ave. SW Suite 801
Albuquerque
NM
87102
Copyright © 2024 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.