$20K A YEAR FOR $200K

Withdrawn Multi-Family for Sale
Catylist Listing ID: 29894670
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 3,720 SF
Gross Land Area: 21,344 SF
Sale Price: $200,000
Unit Price: $40,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Withdrawn On: 7/21/2017
Last Updated: 7/21/2017

Overview / Comments

Are you looking for a unique multi-family opportunity right in your neighborhood? Do you possibly aspire to live in the north valley of Las Cruces yet are seeking an investment you can cost justify? If so power your prosperity with a multi-family investment to meet all your needs. It might be one of the better decisions you ever made. This well maintained property has been upgraded with tile throughout and has been upgraded with applicable upgrades when needed. Limited deferred maintenance should be required at the time of initial investment. The location is very unique and due to this dynamic attracts a tenant base that tends to stay longer than the local area market average. A party who personally desires to live in the north valley would feel very comfortable in this setting along with earning income simultaneously. Live, play, and invest where you live and take advantage of this opportunity.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 03-03706
Property Located Between: Just off Roadrunner Lane & Picacho intersection
Highway Access: I-10 & Motel
Airports: ELP & Las Cruces International
Property Condition: Good
Number of Stories: 1
Year Built: 1973
Construction/Siding: Brick
Parking Type: Surface
Air Conditioning: Evaporative Cooler
Zoning Description: EC1 per Dona Ana County Guidelines
Water Service: Municipal
Sewer Type: Septic
Legal Description: Dona Ana County Parcel #03-03706

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,657 40,467 98,274
Median Age: 27.35 36.61 34.29
Households: 1,558 15,399 38,602


Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
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