REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 633,500
Est. payment /mo
Active
1404 Montana AVE #1-6 Las Cruces, NM 88001
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Andrews Summary Subdivision
MLS Listing ID 2500941
Originating Board lascruces
Year Built 1949
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 0 to .24 AC
Property Description
This stunning 6-plex, nicknamed 'The Tall Pines', due to the remarkable large pine trees that encapsulates this property, is a must see. Comprised of 5, 1 bed 1 bath units, & 1, 2 bed 1 bath unit, it is designed in a horseshoe pattern which allows for a shared common area that residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho & Boutz, this revitalized property is just 1 mile away from NMSU & 2 miles from downtown, offering ease of travel for anyone attending NMSU or someone wanting to take advantage of the amazing eateries and breweries located downtown. Measures of investment performance at list price of $633,500 and with average rent of $787 include GRM of 11.65, Before Reserves Cap rate of 5.50% and after tax IRR of 10.50%.
Location
State NM
County Dona Ana
Interior
Heating Baseboard, Electric
Cooling Evaporative Cooling
Fireplace N
Appliance Refrigerator
Exterior
Parking Features On Street
Fence Block
Roof Type Flat,Metal
Building
Foundation Ceramic Tile, Vinyl
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
Others
Acceptable Financing Cash, FHA, Exchange, Conventional
Listing Terms Cash, FHA, Exchange, Conventional
Virtual Tour https://www.nmapartment.com/montana3d
©2025 The Las Cruces Association of REALTORS®, Inc. All rights reserved.
Listed by Property Mgt & Investments of NM