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1404 Montana Avenue

Las Cruces, NM 88001

1 bed
1 bath
3,275 sqft
8,624 sqft lot
$204 per sqft
1949 build
– on site

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%.

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Dec 16, 2024 •

MLS# 1057908 —

The Building

Year Built:

1949
Builder Name:

Unknown
New Construction:

false
Construction Materials:

Block,Frame,Stucco
Stories Total:

1
Levels:

One
Basement:

false
Exterior Features:

Landscaping
Building Area Total:

3275.0

Interior

Flooring:

Vinyl

Room Dimensions

Living Area:

3275.0

Location

Directions:

From Missouri and Espina - west on Missouri to Solano, north to Montana, east to property
Latitude:

32.296956
Longitude:

-106.759189

The Property

Parcel Number:

0212060
Property Type:

ResidentialIncome
Property Subtype:

MultiFamily
Property Condition:

Resale
Zoning Description:

R-2
Lot Size Acres:

0.2
Lot Dimensions Source:

PublicRecords
Lot Size SqFt:

8624.88
Lot Size Source:

PublicRecords
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

3009.92
Tax Legal Description:

SUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST # 2218114 PT OF LT 1

Beds

Bedrooms Total:

1

Baths

Total Baths:

1

The Listing

Virtual Tour URL Branded:

http://www.nmapartment.com/montana3d
Virtual Tour URL Unbranded:

http://www.nmapartment.com/montana3d

Heating & Cooling

Heating:

WallFurnace
Heating:

true
Cooling:

EvaporativeCooling
Cooling:

true

Utilities

Utilities:

ElectricityConnected,NaturalGasConnected,PhoneConnected,SewerConnected,WaterConnected
Green Energy Generation:

None

Appliances

Appliances:

Refrigerator

The Community

Subdivision Name:

SUBD: C L ANDREWS LOT: 1 S: 20 T: 23S R: 2E INST # 2218114 PT OF LT 1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/27/24 Nov 27, 2024	Listed / Active	SWMLS	$671,260

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This multifamily located in Las Cruces, NM 88001 is currently for sale for $671,260. 1404 Montana Avenue is a 3,275 square foot multifamily with 1 bed and 1 bath that has been on Estately for 25 days. This multifamily is in the attendance area of Conlee Elementary School, Lynn Middle School, and Centennial High School.

Listing Courtesy of: SWMLS and NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.