Homes for sale - 1404 Montana AVE, Las Cruces, NM 88001

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Amber Ortega

amber@findmynmhome.com +1(505) 550-9698

Listed by NM Apartment Advisors, Inc.

$ 633,500

Est. payment | -/mo

1 Bed

1 Bath

3,275 SqFt

Save

$ 633,500

Est. payment | -/mo

Save

1 Bed

1 Bath

3,275 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,275 sqft

Price per Sqft $193

Subdivision Subd: C L Andrews Lot: 1 S: 20 T: 23S R: 2E Inst # 2218114 Pt Of Lt 1

MLS Listing ID 1081584

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1949

Annual Tax Amount $3,053

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property 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%.

Location

State NM

County Dona Ana

Area 430 - Dona Ana

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Exterior Feature Landscaping

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 0212060

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Making real estate fast, fun, and stress-free!

+1(505) 550-9698

amber@findmynmhome.com

11112 Snowbird Drive NW, Albuquerque, New Mexico, 87114, USA

1404 Montana AVE Las Cruces, NM 88001