This stunning 6-plex, nicknamed ‘The Tall Pines’, due to the remarkable large pine trees that encapsulates this property, is a must see. Comprised of 5, 1 bed 1 bath units, & 1, 2 bed 1 bath unit, it is designed in a horseshoe pattern which allows for a shared common area that residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho & Boutz, this revitalized property is just 1 mile away from NMSU & 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 $633,500 and with average rent of $787 include GRM of 11.65, Before Reserves Cap rate of 5.50% and after tax IRR of 10.50%.
