About 1404 Montana Avenue
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%.
Features of 1404 Montana Avenue
| MLS® # | 1057908 |
|---|---|
| Price | $671,260 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Square Footage | 3,275 |
| Acres | 0.20 |
| Year Built | 1949 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1404 Montana Avenue |
|---|---|
| Area | 430 - Dona Ana |
| Subdivision | SUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST # 2218114 PT OF LT 1 |
| City | Las Cruces |
| County | Dona Ana |
| State | NM |
| Zip Code | 88001 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Vinyl |
|---|---|
| Appliances | Refrigerator |
| Heating | Wall Furnace |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Landscaping |
|---|---|
| Construction | Block, Frame, Stucco |
Additional Information
| Date Listed | February 28th, 2024 |
|---|---|
| Days on Market | 283 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|