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
Total Bathrooms
1
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.