$2,200,000

40 Bed

20 Bath

0.65 Acre Lot

Visits : 22 In 111 Days

1140 Monte Vista Avenue, Las Cruces, New Mexico 88001

Residential Income Property Type
111 Days on Market

Property Description

MULTI-FAMILY INVESTMENT…In close proximity to New Mexico State University, this property offers a lucrative investment opportunity with a proven track record of rental success. The demand for quality rental units in the university area ensures a steady and reliable income stream.7% cap rate. $125,000 price per unit. Staircase redone (steel plate) and new swamp coolers 2023.

Details

Price: $2,200,000

Bedrooms: 40

Bathrooms: 20

Property Type: Residential Income

Lot Area: 0.65 Acre

Status: Active

Lot Square Footage: 28,175 Sqft

Lot Size: .51 to .75 AC

Property Sub-Type: Apartment Complex

Listing Office Name: VNL Realty LLC

Listing Agent Name: Veronica Lindley

Listing Office Phone: (575) 640-4540

Features

Heating System: Electric

Cooling System: Evaporative Central

Address Information

Street Number1140

StreetMonte Vista

Street SuffixAvenue

Country: US

State: NM

County: Dona Ana

City: Las Cruces

Subdivision: Crescent Park Addition

Zipcode: 88001

Additional Property Details

Construction: Frame

Water: City

Sewer: City Sewer

Green CertifiedNo

ParkingFeaturesPaved Area,Street Parking

Map View

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Agent info

Mesa Flats Realty

Joel Gilbert
View website
joel@mesaflatsrealty.com

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