$671,260 Price Analysis   ♡   Las Cruces, NM 88001 3 bed 2 bath 3,275 SqFt ($204/SqFt) 8,625SqFt lot. Built 1949 Listed 2024-02-28, Taxes $906 | Ⓧ USDA Ineligible due to location near Las Cruces |
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 proper ty is 1 mile from NMSU and 2 mils from downtown, offering ease of travel for anyone attending NMSU or someone wanting to take advantage of the impressive 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%.
Presented by Todd Clarke at
Nm Apartment Advisors, Inc.
Property MLS #1057908 from SouthwestMLS
Full Bathrooms: 2
Heating Features: WallFurnace
Heating: Yes
Lot Dimensions Source: PublicRecords
Lot Size Acres: 0.198
Lot Size Source: PublicRecords
Lot Size Square Feet: 8625
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Source Listing Status: Active
County: Dona Ana
Directions: From Missouri and Espina - west on Missouri to Solano, north to Montana, east to property
Source Property Type: ResidentialIncome
Source Neighborhood: SUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST #
Parcel Number: 0212060
Postal City: Las Cruces
Postal Code Plus 4: 5397
Subdivision: SUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST #
Zoning Description: R-2
Property Subtype: MultiFamily
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $20,580 + $8,333 $28,913 | $906 |
| 2021 | $19,738 + $8,333 $28,071 | $877 |
| 2020 | $18,921 + $8,333 $27,254 | $856 |
| 2019 | $18,127 + $8,333 $26,460 | $833 |
| 2018 | $18,127 + $8,333 $26,460 | $828 |
| 2017 | $21,433 + $5,175 $26,608 | $764 |
| 2016 | $21,167 + $4,667 $25,833 | $752 |
| 2015 | $21,180 + $4,669 $25,849 | $756 |
| 2014 | $20,867 + $4,600 $25,467 | $745 |
| 2013 | $20,867 + $4,600 $25,467 | $742 |
| 2012 | $62,606 + $13,777 $76,383 | $733 |
| 2010 | $62,606 + $13,777 $76,383 | $688 |
| 2009 | $60,783 + $13,374 $74,157 | $655 |
| 2008 | $57,294 + $12,606 $69,900 | $628 |
| 2008 | $59,013 + $12,984 $71,997 | $628 |
| 2007 | $55,625 + $12,239 $67,864 | $606 |
$671,260
SouthwestMLS
Sold 2018-03-05
$0
Public Record
Sold 2010-09-15
$0
Public Record
Year Built: 1949
Building Area Total: 3275
Construction Materials: Block, Frame, Stucco
Levels: One
Property Age: 75
Property Condition: Resale
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: PublicRecords
NaturalGasConnected
PhoneConnected
SewerConnected
WaterConnected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.