$ 2,050,000
1140 Monte Vista AVE Las Cruces, NM 88001
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 2,050,000
Est. payment /mo
Active
1140 Monte Vista AVE Las Cruces, NM 88001
40 Beds
20 Baths
13,392 SqFt
UPDATED:
09/06/2024 05:27 AM
Key Details
Property Type Condo
Sub Type Apartment Complex
Listing Status Active
Purchase Type For Sale
Square Footage 13,392 sqft
Price per Sqft $153
Subdivision Crescent Park Addition
MLS Listing ID 2400308
Bedrooms 40
Originating Board lascruces
Year Built 1978
Lot Size 0.650 Acres
Acres 0.65
Lot Dimensions .51 to .75 AC
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.
Location
State NM
County Dona Ana
Interior
Heating Electric
Cooling Evaporative Central
Fireplace N
Appliance Range/Oven, Refrigerator
Exterior
Garage Paved Area, Street Parking
Building
Foundation Ceramic Tile
Sewer City Sewer
Water City
Structure Type Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2024 The Las Cruces Association of REALTORS®, Inc. All rights reserved.
Listed by VNL Realty LLC