1404 Montana AVE Active Save Request In-Person Tour Request Virtual Tour
Las Cruces,NM 88001
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 $204
Subdivision Subd: C L Andrews Lot: 1 S: 20 T: 23S R: 2E Inst # 2218114 Pt Of Lt 1
MLS Listing ID 1057908
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1949
Annual Tax Amount $3,009
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions Public Records
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%.
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