MAKE A 3-PLEX INVESTMENT LOOK EASY

Multi-Family for Sale
Catylist Listing ID: 30277524
Number of Units: 3 Units
Building Size (RSF): 2,060 SF
Gross Land Area: 9,000 SF
Sale Price: $145,000
Unit Price: $48,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2018

Overview / Comments

This 3 unit property is very well maintained and in good shape and is 100% occupied to provide the buyer with positive cash flow. The facility offers limited pending deferred maintenance due to multiple items that have been addressed to include new stucco, appliances, cabinets, counter tops,roof and beyond. It has a very clean look and appearance from the start and with a generous back yard feature numerous other amenities can also be added to enhance the tenant happiness and retention levels. The complex has two 2BR 1BA units and one 1BR & 1BA unit. All the units have been tiled in addition. It is also in close proximity to the historical mesquite overlay district and in close proximity to multiple and unique public park and gathering spaces. The walking distance to local recreation centers, restaurants, bus stations, and other attractive retail make these units very appealing. This is a complex to look at soon.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $1,293 (Annual)
Gross Operating Income $17,500 (Annual)
Net Operating Income $10,500 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: R02-06728
Zoning: R-2
Property Located Between: Esperanza & Espina
Highway Access: I25 & I10
Airports: ELP & Las Cruces International
Property Condition: Good
Number of Stories: 1
Year Built: 1990
Construction/Siding: Stucco
Exterior Description: Southwest
Parking Type: Surface
Zoning Description: R2 - Med- Fam - Res
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,249 90,748 113,293
Median Age: 35.51 34.28 34.86
Households: 7,139 36,604 45,144

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 REALTORSĀ® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.