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 $633,500 and with average rent of $817 include GRM of 10.77, Before Reserves Cap rate of 6.00% and after tax IRR of 14.30%.
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1BEDS
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0.2ACRES
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1BATHS
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01/2 BATHS
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3,275SQFT
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$193$/SQFT
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 $633,500 and with average rent of $817 include GRM of 10.77, Before Reserves Cap rate of 6.00% and after tax IRR of 14.30%.
IDX information © 2025 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: 2025-04-26T07:05:12.467.
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Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2025 Southwest Multiple Listing Service, Inc.