Courtesy: NM Apartment Advisors, Inc.(505) 440-8633;
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%.
1057908
Multi-Family, 1 Story
1
Dona Ana
1
1949
0.2
Acres
1
Block,Frame
3,275
Sq. Ft.
SUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST #
Natural Gas Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Bathrooms
Total:1
Interior Features
- Appliances
- Refrigerator
- Flooring
- Vinyl
- Cooling
- Evaporative
- Heating
- Other. Wall Furnace.
Exterior / Lot Features
- Exterior
- Frame, Block
- Zoning
- R-2
Financial Considerations
0212060
$3,010
Cash, Conventional
Arrows indicate 90 day trend
Loading...