1404 Montana Avenue, Las Cruces, NM 88001
Local realty services provided by:ERA Summit
1404 Montana Avenue,Las Cruces, NM 88001
- 1 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by:todd d clarke
Office:nm apartment advisors, inc.
MLS#:1081584
Source:NM_SWMLS
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Price summary
- Price:
About this home
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 $633,500 and with average rent of $817 include GRM of 10.77, Before Reserves Cap rate of 6.00% and after tax IRR of 14.30%.
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Home facts
- Year built:1949
- Listing Id #:1081584
- Added:132 day(s) ago
- Updated:August 19, 2025 at 06:34 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1949
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:
- Tax amount:$3,053
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