16 Unit near NMSU

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30762325
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 16 Units
Building Size (RSF): 14,912 SF
Gross Building Area: See Agent
Gross Land Area: 27,443 SF
Sale Price: $975,000
Unit Price: $60,937.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/29/2021

Overview / Comments

Hard to find 16 unit investment opportunity. Each unit has 2 bedrooms, 1 bathroom, and washer dryer hook ups. As an added high-demand bonus, each of the ground units have their own individual yards. This property is well maintained with several capital improvements that have been completed and there are still several options to add value to increase rents.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 4008136017077
Percent Occupied: 88%
Airports: ELP & Las Cruces International Airport
Area Description: Central and stabilized Las Cruces location.
Total Number of Buildings: 2
Property Condition: Fair
Number of Stories: 2
Year Built: 1972
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Asphalt parking area
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler
Interior Description: 2 bedroom 1 bath units
Zoning Description: R3 Per City of Las Cruces
Water Service: Municipal
Sewer Type: Municipal
Legal Description: VALLEY VIEW ADDITION (BK 3 PG 10) Lot: 1 Block: 19 Subd: VALLEY VIEW ADDITION (BK 3 PG 10) Lot: 2 Block: 19 Subd: VALLEY VIEW ADDITION (BK 3 PG 10) Lot: 3 Block: 19

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,425 77,430 105,650
Median Age: 31.23 33.89 35.11
Households: 7,096 31,361 42,328
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