$ 685,000
$ est. monthly payment
1005 Montana Avenue, LAS CRUCES, NM 88001  
  • 9,288 sqft

1005 Montana Avenue, LAS CRUCES, NM 88001  

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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  • Listing Type Multi-Family
  • Listing ID 1902640
  • House Size 9,288 sqft
  • Lot Size .76 to 1 AC
  • Listing Status Active
  • Year Built 1966
  • County Dona Ana
  • Subdivision College Subdivision
Listing courtesy of Steinborn & Associates

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