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 TypeMulti-Family
- NeighborhoodSubd: C L Andrews Lot: 1 S: 20 T: 23s R: 2e Inst #
- CountyDona Ana
- Taxes$3,009
- HOA/Condo/Coop Fees$0
- Days on Site94 Days
- MLS StatusActive
- MLS ID Number1057908
- Home Size Source N/A
- Year Built1949
- Lot Size0.2 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Number of Stories 111
- Acreage 0.2
- Zoning R-2
- Property Sub Type Multi Family
- Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Interior Features
- Cooling Evaporative Cooling
- Heating Wall Furnace
- Appliances Refrigerator
- Flooring Vinyl
Exterior Features
- Exterior Landscaping
Community Features
- MLS Area 430 - Dona Ana