1005 Montana Avenue

    Las Cruces, NM 88001
    • $685,000
    • STATUS: Active
    • ON SITE: 70 days
    • MLS #: 1902640
    UPDATED: 34 min ago
    $685,000
    • 0
      BEDS
    • 0.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,288
      SQFT
    • $74
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    Property consists of 11 2 bed/1 bath units and two (2) 1 bed/1 bath units. All the units have been tiled and remodeled over time with unique finishes and extras. The roof was replaced to the tune of +/- $45,000. The air conditioner units were also replaced in 2016 and are much more efficient. This property has excellent ''bones'' with a shingled roof and brick exterior which will continue to remain low maintenance for years and years to come. The units have averaged $525.00 per unit over a sustained period of time. Market rents should be closer to $600.00 per unit which helps the future owner increase cash flow. This asset is priced below replacement cost. Landlord pays water/sewer/garbage. Tenants pay electric & gas for each unit.

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    © 2019 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Keller Williams Realty. Data last updated: 2019-11-20T15:14:32.26.
    www.austintharpteam.com/homes/98836133

    1005 Montana Avenue Las Cruces, NM 88001

    • Price: $685,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 1902640
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.85
    Acres
    9,288
    SQFT
    $74
    $/SQFT
    1966
    Built
    Neighborhood:
    College Subdivision
    County:
    Dona Ana
    Area:
    328 - Valley View
    Property Description
    Property consists of 11 2 bed/1 bath units and two (2) 1 bed/1 bath units. All the units have been tiled and remodeled over time with unique finishes and extras. The roof was replaced to the tune of +/- $45,000. The air conditioner units were also replaced in 2016 and are much more efficient. This property has excellent ''bones'' with a shingled roof and brick exterior which will continue to remain low maintenance for years and years to come. The units have averaged $525.00 per unit over a sustained period of time. Market rents should be closer to $600.00 per unit which helps the future owner increase cash flow. This asset is priced below replacement cost. Landlord pays water/sewer/garbage. Tenants pay electric & gas for each unit.
    Exterior Features

    Construction Brick Veneer Number Of Floors One Parking Capacity 15.00 Parking Type Paved Area Roofing GabledShingle

    Interior Features

    Appliances Oven/RangeRefrigerator Cooling Evaporative Central Flooring Foundation Slab Heating Gas

    Property Features

    Community Amenities Outside Storage Display On Public Websites YN Yes Green Certified YN No Hoa YN No New Vs Resale Resale Owner Financing YN No Property Sub Type Apartment Complex Reo Bank Owned YN No Short Sale YN No Type Of Tenancy Negotiable Util Serv Included In Rent SewerTrash CollectionWater Will Sell Cash

    Listing provided courtesy of Grady Oxford of Steinborn & Associates: (575) 522-3698. All listing information was provided by Southern New Mexico Multiple Listing Service.
    © 2019 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Keller Williams Realty. Data last updated: 2019-11-20T15:14:32.26.
     
    Keller Williams Realty
    3780 Foothills Rd. Suite C.
    Las Cruces NM, 88011