DIGGING FOR OPPORTUNITY & POTENTIAL?

Multi-Family for Sale
Catylist Listing ID: 30296715
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 12 Units
Building Size (RSF): 7,392 SF
Gross Land Area: 30,056 SF
Sale Price: $430,000
Unit Price: $35,833.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 7,392 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/9/2018

Overview / Comments

The time is now related to the opportunity out there in multi-family. This is an opportunity to add value at any point and any time to an existing complex with good bones in place and put your own personal touch on it to make it successful. The potential to open new doors could be limitless. This complex offers sound parking, a nice brick exterior, visibility, attractive common areas, and the ability to enhance the amenities in a variety of ways. The complex is in need of cosmetic upgrades but the flexibility surrounding this need is unique and can be discussed if interest applies. This could be a great opportunity to engage in an investment with confidence and open new doors. Call us today to discuss.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $2,867 (Annual)
Tax Value Land $45,084
Tax Value Improvements $245,479
Assessed Value - Total($) $290,563 (Annual)
Potential Rental Income $72,000 (Annual)
Gross Operating Income $72,000 (Annual)
Net Operating Income $40,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: R0201865
Zoning: R-3
Property Located Between: Madrid & North Main
Highway Access: I-25 & Highway 70 Interchange
Airports: ELP & Las Cruces International
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 1
Year Built: 1960
Year Renovated: 2018
Roof Type: Arched
Construction/Siding: Brick
Air Conditioning: Evaporative Cooler
Internet Access: Cable, DSL, Satellite, Dialup, Other
Zoning Description: R-3 Per City of Las Cruces Guidelines
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Dona Ana County Account #R0201865

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,722 69,272 119,302
Median Age: 34.2 33.92 34.67
Households: 5,733 27,804 47,142

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.