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
AMENITIES Outside Storage
APPLIANCES Oven/Range, Refrigerator
AREA 328 - Valley View
LOT 0.85 acre(s)
STYLE Apartment Complex
SUBDIVISION College Subdivision
UTILITIES Sewer,Trash Collection,Water

Contact us about this Property

We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Erika Okinga to contact you even if your name is on a Federal or State "Do not call List".

Listed with Steinborn & Associates
The information provided is 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. Listing information is deemed reliable, but not guaranteed.

This IDX solution is (c) Diverse Solutions 2019.

Email a Friend