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2210 Sambrano Avenue , A-D

Las Cruces, NM 88001
  • $465,354
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 2202525
$465,354
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,012
    SQFT
  • $155
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Ratings & Info

Description

This value-add opportunity is a core asset in that its 100% occupied and has had recent renovations, but could also be a value add in branding, signage and bringing the current rents that are 12% below market to market. Located in New Mexico's 2nd largest city, Las Cruces which is home to NM State University and its ~11,000 students this property is well situated close to campus and not too far away from the recently announced $75M movie studio. Las Cruces is also the Chile Capitol, is known for its pecan orchards and is the closest major city to Spaceport New Mexico, home of Virgin Galatic operations.These eight units are situated on two parcels and the owner is willing to sell the fourplexes individually at the following prices:2210 - $465,354 - 5.35% cap rate - $116,339 per unit - $155.12/sf2220 - $433,535 -5.33% cap rate - $108,886 per unit - $145.18/sfThe owner has recently spent $50,000 in upgrades and renovations

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© 2022 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Agave Real Estate Group - Keller Williams Realty. Data last updated: 2022-12-07T00:14:54.18.
www.mylascruceshomefinder.com/homes/132312072
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2210 Sambrano Avenue , A-D Las Cruces, NM 88001

  • Price: $465,354
  • Status: Active
  • On Site: 109 Days
  • MLS #: 2202525
8
Beds
0
Baths
0
½ Baths
0.17
Acres
3,012
SQFT
$155
$/SQFT
1985
Built
Neighborhood:
Tate
County:
Dona Ana
Area:
329 - Bellamah
Property Description
This value-add opportunity is a core asset in that its 100% occupied and has had recent renovations, but could also be a value add in branding, signage and bringing the current rents that are 12% below market to market. Located in New Mexico's 2nd largest city, Las Cruces which is home to NM State University and its ~11,000 students this property is well situated close to campus and not too far away from the recently announced $75M movie studio. Las Cruces is also the Chile Capitol, is known for its pecan orchards and is the closest major city to Spaceport New Mexico, home of Virgin Galatic operations.These eight units are situated on two parcels and the owner is willing to sell the fourplexes individually at the following prices:2210 - $465,354 - 5.35% cap rate - $116,339 per unit - $155.12/sf2220 - $433,535 -5.33% cap rate - $108,886 per unit - $145.18/sfThe owner has recently spent $50,000 in upgrades and renovations
Exterior Features

Construction Stucco Fence Rock Wall Number Of Floors Two Parking Capacity 6.00 Parking Type Paved Area Roofing Pitched

Interior Features

Appliances Refrigerator Cooling Evaporative Central Heating Forced Air

Property Features

Display On Public Websites YN Yes Green Certified YN No Hoa YN No New Vs Resale Resale Owner Financing YN No Property Sub Type Apartment Building Reo Bank Owned YN No Sewer City Sewer Short Sale YN No Type Of Tenancy 6 Months Util Serv Included In Rent ElectricityGasSewerWater Water City Water Will Sell CashConventionalFhaVa

Listing provided courtesy of David Clarke of Nm Apartment Advisors Inc.: (505) 440-8663. All listing information was provided by Southern New Mexico Multiple Listing Service.
© 2022 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Agave Real Estate Group - Keller Williams Realty. Data last updated: 2022-12-07T00:14:54.18.
 
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Agave Real Estate Group - Keller Williams Realty
3780 Foothills Rd. Suite C
Las Cruces NM, 88011