1404 Montana Avenue Las Cruces, NM $ 671,260
1404 Montana Avenue
$ 671,260
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1404 Montana Avenue

Las Cruces, NM, 88001
$ 671,260
Bedrooms1 Baths1.0 Sq 3,275

Monthly Estimate*

$ 4,689

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Multi-Family Home for sale in Las Cruces, NM

for $671,260 with 1 bedroom and 1 full bath. This 3,275 square foot home was built in 1949 on a lot size of 0.2.

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%.

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Multi-Family Active

Price

$ 671,260

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 3,009

Style

MultiFamily

Lot Size

0.2

Year Built

1949

Town/City

Las Cruces

County/Region

Dona Ana

MLS | Web ID

1057908

Features
General
Heating WallFurnace
Cooling EvaporativeCooling
Utilities ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Appliances Refrigerator
Exterior Features Landscaping
Construction Materials Block Frame
Year Built 1949
Tenant Pays Other SeeRemarks
Stories 1
Levels One
Property SubType MultiFamily
Gross Income 55608.0
County Dona Ana
Operating Expense 18689.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name SUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST #
Garage Y/N N
Green Energy Generation None
Status Active
Directions From Missouri and Espina - west on Missouri to Solano north to Montana east to property
City Las Cruces
Buyer Agent Compensation 2.0%
Disclosures LeadBasedPaintDisclosure RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description R-2
Total Units 6
MLS Area 430 - Dona Ana
Lot Size Square Feet 8624.88
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Montana
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3009.92
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour http://www.nmapartment.com/montana3d http://www.nmapartment.com/montana3d
Days on Market 2
Builder Name Unknown
Standard Status Active
Year Built Source PublicRecords
Legal Description SUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST # 2218114 PT OF LT 1
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Interior
Flooring Vinyl
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Total Bedrooms 1
Electric On Property Y/N N
Total Baths 1
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Exterior
Number of Buildings 3
Spa N
Building Area Total 3275.0
Lot Size Acres 0.2
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Todd Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$4,940
Per Month
95%
5%
0%
Monthly Principal & Interest
$4,689
Monthly Property Taxes
$251
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/28/2024$671,260 Listed Price

Map


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1404 Montana Avenue, Las Cruces, NM, 88001 is a Multi-Family Home for sale at $671,260 with 3,275 sqft and a lot size of 0.2. 1404 Montana Avenue has 1 bedrooms, 1.0 baths, and was built in 1949. The property's zip code is 88001 which is in Las Cruces, NM