Active

1404 Montana Avenue

Las Cruces NM, 88001

$671,260


$204.96 per sqft

Active

1 Bed

1 Bath

3,275 sqft

Multi-family

Built in 1949

Courtesy of NM Apartment Advisors, Inc.

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%.

1057908

MLS ID

February 28, 2024

Listed

March 14, 2024

Updated

Map

1404 Montana Avenue
Las Cruces NM, 88001

Interior Features

Total Stories

1


Bedrooms

1 Bed


Bathrooms

1 Bath


Appliances

Refrigerator


Floor Description

Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Evaporative Cooling


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.2 Acres


Exterior Features

Landscaping

Other Property Details

Area Name

430 - Dona Ana


Taxes

$3,010


Tax Frequency

Annually


Days on Market

2


Garage

No


View

No


County

Dona Ana


Pool

No


Buyer Agency Compensation

2.0%

Green Building Features

Green Features

None

The information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor R1 Realty One of New Mexico shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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