1404 Montana Avenue, Las Cruces NM 88001

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$671,260

1404 Montana Avenue, Las Cruces, NM 88001

bedrooms

bathrooms

square feet

3,275

Acreage

0.2

Open Houses

year built

1949

Full Baths

Half Baths

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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%.

Location
Subdivision	Subd: C L Andrews Lot: 1 S: 20 T: 23s R: 2e Inst # 2218114 Pt Of Lt 1
County	Dona Ana
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1057908

Listing agent: Todd D Clarke #13711

Listing broker: Nm Apartment Advisors Inc. (505) 440-8633

Last update: Tuesday, November 19 2024 at 7:52 p.m. EST

Kotohomes National