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1404 Montana Avenue

Las Cruces, NM 88001
  • $671,260
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 1057908
$671,260
  • 1
    BEDS
  • 0.2
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 3,275
    SQFT
  • $205
    $/SQFT
Type:
Multi-Family
Built:
1949
County:

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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IDX information © 2024 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-04-04T00:05:38.57.
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1404 Montana Avenue Las Cruces, NM 88001

  • Price: $671,260
  • Status: Active
  • On Site: 49 Days
  • MLS #: 1057908
1
Beds
1
Baths
0
½ Baths
0.2
Acres
3,275
SQFT
$205
$/SQFT
1949
Built
Neighborhood:
Subd: C L Andrews Lot: 1 S: 20 T: 23S R: 2E Inst #
County:
Dona Ana
Area:
430 - Dona Ana
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 Block Frame Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Vinyl Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 3275 Green Energy Generation None Gross Income 55608 Listing Agreement Exclusive Agency Listing Terms Cash Conventional New Construction YN No Operating Expense 18689 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 3009.92 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected Zoning Description R-2

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-04-04T00:05:38.57.
 
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