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Nysha Lynn, Sales Associate
FOR SALE
$671,260
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1404 Montana Avenue
Las Cruces, NM 88001

Multi-Family
Residence
1
Beds
1
Baths
3,275
Sqft
0.2
Lot Size
Courtesy: NM Apartment Advisors, Inc.(505) 440-8633; 

Description for 1404 Montana Avenue Las Cruces, NM 88001

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 Details

1057908
Multi-Family, 1 Story
1
Dona Ana
1
1949
0.2 Acres
1
Block,Frame
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Courtesy: NM Apartment Advisors, Inc.(505) 440-8633; 
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last refreshed on 4/27/2024 8:52 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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Equal Housing Opportunity.


Nysha Lynn 6711 Academy Rd. NE Ste. B, Albuquerque, NM 87109 | Phone: (505) 710-2750 | Email: nyshasellsre@gmail.com

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