Check Availability
Las Cruces 88001
1404 Montana Avenue #D
$671,260
Townhouse - For Sale

1404 Montana Avenue #D

Las Cruces, NM 88001
bedrooms
1 Bed
bathrooms
0 Bath
square feet
3275 Sqft
$3,547
Estimated Monthly

About This Property

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%.

The manager has listed the unit size as 3275 square feet.
Unit Size
3,275Ft²
Days on Market
103 days
Land Size
0.20 acres
Price per sqft
$205
Property Type
Townhouse
Property Taxes
$251
HOA Dues
-
Year Built
-

Listed By

Todd D Clarke
NM Apartment Advisors, Inc.
Last updated: 9 days ago (GAARNM #1057908)

Price History

Date / Event Date Event Price
Feb 28, 2024 Listed by NM Apartment Advisors Inc. $671,260
Listed by NM Apartment Advisors Inc.

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Block
Stucco

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1404 Montana Avenue 1404 Montana Avenue, Las Cruces, NM 88001
  • 1 Unit for Sale
More about this Building
1404 Montana Avenue
Want to find out who owns 1404 Montana Avenue, Las Cruces, NM 88001? Get detailed property transactions here .

About Las Cruces


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1018 N Alameda, Las Cruces, NM, 88005

$1,850 /mo

  • 3 Beds
  • 1.5 Baths
  • 1,936 ft²
1018 N Alameda, Las Cruces, NM, 88005 Listing by Jamie McGlone


Nearby Counties
Quantcast