13 Units with Re-Development Potential

Multi-Family for Sale
Catylist Listing ID: 30638719
Property Subtypes: Low-Rise/Garden
Number of Units: 13 Units
Building Size (RSF): 7,782 SF
Gross Building Area: See Agent
Gross Land Area: 43,124 SF
Sale Price: $685,000
Unit Price: $52,692.31 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/6/2020

Overview / Comments

There are 13 total units. 12 two bedroom two bath, and a house currently rented to Monarch Real Estate. Located in a great location with re-development potential.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 4008136291241
Percent Occupied: 846%
Airports: ELP & Las Cruces International
Area Description: Southwest corner of Solano and Missouri Ave. before it turns into Boutz.
Total Number of Buildings: 7
Property Condition: Average
Number of Stories: 1
Year Built: 1955
Parking Type: Surface
Sprinklers: None
Heat Source: Baseboard
Fuel: Gas
Air Conditioning: Evaporative Cooler, Window Unit
Zoning Description: Could be rezoned to commercial use per city of Las Cruces.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Farmers Subdivision No 2 1465 Lot 3-14 inclu Block 2 S:20 T:23S R:2E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,435 73,641 104,588
Median Age: 28.58 34 35
Households: 8,889 29,966 41,937
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