1005 Montana Avenue, Las Cruces, NM 88001 (MLS # 1902640)

Price $685,000
Status Active
Beds 0
Baths 0 Bath
Home size 9,288 sqft
Lot Size 37,026 sqft
Days on Market 12
Property consists of 11 2 bed/1 bath units and two (2) 1 bed/1 bath units. All the units have been tiled and remodeled over time with unique finishes and extras. The roof was replaced to the tune of +/- $45,000. The air conditioner units were also replaced in 2016 and are much more efficient. This property has excellent ''bones'' with a shingled roof and brick exterior which will continue to remain low maintenance for years and years to come. The units have averaged $525.00 per unit over a sustained period of time. Market rents should be closer to $600.00 per unit which helps the future owner increase cash flow. This asset is priced below replacement cost. Landlord pays water/sewer/garbage. Tenants pay electric & gas for each unit.
Property Type(s): Multi Family
Last Updated 9/10/2019 Tract College Subdivision
Year Built 0 Community 328 - Valley View
County Dona Ana

Additional Details

AIR Evaporative Central
AIR CONDITIONING Yes
AMENITIES Outside Storage
APPLIANCES Oven/Range, Refrigerator
AREA 328 - Valley View
CONSTRUCTION Brick Veneer
HEAT Gas
LOT 0.85 acre(s)
STYLE Apartment Complex
SUBDIVISION College Subdivision
UTILITIES Sewer,Trash Collection,Water
 

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Listed with Steinborn & Associates
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