Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
$671,260
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1404 Montana Avenue Las Cruces, NM 88001
Multi-Family
Residence
1
Beds
1
Baths
3,275
Sq. Ft.
0.2
Acre
Lot
Property Activity
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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, betwee...n 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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MLS#
1057908
Property Type
Multi-Family
Bedrooms
1
Bathrooms
Year Built
1949
Square Feet
3,275
sq. ft
Lot Size
0.2
Sewer
Sewer Connected
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