NM
Dona Ana
Las Cruces
88001
1404 Montana Avenue 1-6
1404 Montana Avenue 1-6, Las Cruces, NM 88001
Listing Type
multi family
Listing Status
active
42
$671,260

Home Details for 1404 Montana Avenue 1-6

Price
$671,260
Type
Apartment Complex
Bedrooms
0
Bathrooms
6.0
Square feet
NaN
Lot size acres
0.20
County
Dona Ana
Garage
Days on site
109
MLS Listing#
2400676
Hoa
No
Listing courtesy: Property Mgt & Investments of NM - (575) 652-4043
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 $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%.

Property Features
  • Heating Information
    • Baseboard
    • Electric
  • Cooling Information
    • Evaporative Central
  • Water Features
    • City Water
. Presented by: Marvid Charlson
All listing information was provided by Southern New Mexico Multiple Listing Service. IDX listing information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLIS.
Transportation
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Southern New Mexico MLS.
EXIT REALTY HORIZONS
3519 Foothills Rd, Las Cruces, NM 88011
Patty Olson
Associate Broker
Office
575 532 5678
Agent
575 649 3175
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