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1404 Montana Avenue
Las Cruces, NM 88001

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Property Details


List Price: $671,260
Beds: 1
Baths: --
Status: Active
SqFt: 3275
Agency: NM Apartment Advisors Inc.

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Description/Comments


Lot Size: --
Property Type: Residential
Year Built: 1949
Notes: 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%.
MlsNumber: 1057908


Listing Provided By: NM Apartment Advisors Inc., original listing
Name: NM Apartment Advisors Inc.
Phone: (505) 440-8633
Office Name: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633
Agent Name: Todd Clarke
Disclaimer: 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.


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