Multi-Family For Sale Near Downtown Las Cruces

Multi-Family for Sale
Catylist Listing ID: 30184407
Property Subtypes: High-Rise
Number of Units: 26 Units
Building Size (RSF): 62,845 SF
Gross Building Area: See Agent
Gross Land Area: 62,845 SF
Sale Price: $951,000
Unit Price: $36,576.92 Per Unit
Property Use Type: Investment
Building Name: Alpine Meadows
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/11/2018

Overview / Comments

Property Features:
This small apartment complex is located near downtown Las Cruces with many retail shops and restaurants within walking distance. The apartment complex features one and two bedrooms with a house in the back of the complex that can be rented out as well.

Property Highlights:
• 26 Units
• 12 Two Bedrooms/$575.00 month
• 13 One Bedrooms/$475.00/month
• Four Bedroom House/$850.00/month
• Land Size: 62,845 SF +/-
• Financials:
Gross Operating Income: $155,403
Real Estate Taxes: 5,892
Property Insurance 3,732
Off Site Management 14,705
Repairs, Maintenance & Utilities 14,705
Water, Trash & Outside Lights 16,500
TOTAL OPERATING EXPENSES $65,034
NET OPERATING INCOME $90,369

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,042 72,793 119,302
Median Age: 34.89 33.94 34.67
Households: 6,996 29,386 47,142

Contact

Photograph of Listing Agent

William C Shattuck

NAI 1st Valley Realty CARNM CIE Member
Photograph of Listing Agent

Randy McMillan

NAI 1st Valley Realty CARNM CIE Member
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