2432 La Fonda CIR #1-8 Active Save Request In-Person Tour Request Virtual Tour
Las Cruces,NM 88001
Key Details
Property Type Condo
Sub Type Apartment Complex
Listing Status Active
Purchase Type For Sale
Subdivision Desert Willow Estates
MLS Listing ID 2402610
Bedrooms 8
Year Built 1984
Lot Size 0.280 Acres
Property Description
This updated two story 8-plex is a must see!! Situated off one of Las Cruces' busiest streets, Missouri Ave., it offers seven nicely situated, 1-bed & 1-bath, units at approximately 483 sq/ft and 1 unit being approximately 823 sq/ft. Half of the units are located downstairs and the other half upstairs. The larger unit, #1, also has a 2-car garage that accompanies it that can be kept as a garage space for this unit or turned into individual storage rooms, a laundry room, or even another unit. This larger unit also boasts a private cedar fenced in yard in the rear, making it a perfect space for grilling, relaxing, or letting pets run around in. Measures of investment performance at list price of $737,114 and with average rent of $751 include GRM of 10.22, Cap rate of 6.24%.
Location
State NM
County Dona Ana
Interior
Heating Forced Air,Gas
Cooling Evaporative Central
Exterior
Garage Garage,Paved Area,Street Parking
Fence Back Yard,Rock,Wood
Roof Type Asphalt,Pitched,Shingle
Building
Foundation Ceramic Tile,Laminate/Wood Floors,Vinyl
Sewer City Sewer
Water City
Structure Type Frame,Stucco
Others
Acceptable Financing Cash,Conventional,Exchange,FHA
Listing Terms Cash,Conventional,Exchange,FHA