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Located in New Mexico’s 2nd largest town, home to NM State University and its ~11, 000 students this property is well situated for repositioning in the marketplace.Although the asset is a stable performing core property, it is also a value add opportunity with actual rents some 21.00% below market.Measure of investment performance at list price of $270, 166 and with average rent of $480 include GRM of 9.38, Before Reserves Cap rate of 6.42% and after tax IRR of 16.80%.If rents are raised to market average of $610, the cap rates goes to 8.78%, cash on cash to 15.45%.
This Multi Family style property is currently For Sale is located in the Las Cruses, New Mexico area. For more details on 1130 Brownlee Ave Las Cruces, NM 88005 or to set up a time to view in person or virtually please contact the Silverman Real Estate Group at 575-636-3836. This property is listed at $ 270,166.00. It has 7 bedrooms, 5 bathrooms, and is 3573 sq ft. The property was built in 1950 year.
For Sale $ 695,000.00 2981 Fair Lady Ln Las Cruces, NM 88005 Basic facts Description Neighborhood Features Video Agent 1 2 Property ID: M2681931123 Date added: 01/30/21 Bedrooms: 3 Bathrooms: 4 Floors: 2 Area: 6476 sq ft Lot size: 87120 sq ft Year built: 1988 Status: Active Type: Single Family Year: 1988 Retirement Community: No […]
For Sale $ 979,000.00 4820 Mother Lode Trl Las Cruces, NM 88011 Basic facts Description Neighborhood Features Video Agent 1 2 Property ID: M1320725014 Date added: 01/30/21 Bedrooms: 3 Bathrooms: 3 Floors: 1 Area: 4554 sq ft Lot size: 47045 sq ft Year built: 2003 Status: Active Type: Single Family Year: 2003 Retirement Community: No […]
For Sale $ 875,000.00 5580 Remington Rd Las Cruces, NM 88011 Basic facts Description Neighborhood Features Video Agent 1 2 Property ID: M1308203658 Date added: 01/30/21 Bedrooms: 4 Bathrooms: 4 Floors: 1 Area: 6991 sq ft Lot size: 217800 sq ft Year built: 2006 Status: Active Type: Single Family Year: 2006 Retirement Community: No Description […]
New to the Las Cruces area? Let us send you the Las Cruces Area Kit. Perfect for getting to know the area, best things to do in town, new housing developments, and much more.
Happily serving all buyers and sellers in Las Cruces, NM and surrounding areas. Learn more about the Silverman difference.