1050 N Mesilla St - Apartments FOR SALE


Las Cruces, NM 88005- Downtown Las Cruces
$478,350 USD
575-642-2292
1050 N Mesilla St, Las Cruces, NM for Sale
$478,350 USD
Apartments - FOR SALE
1/33
null | 8.5% Cap Rate

1050 N Mesilla St
Las Cruces, NM 88005
Downtown Las Cruces


OVERVIEW

PRIDE OF OWNERSHIP - This family-owned 7-unit complex near downtown Las Cruces has been impeccably maintained inside & out. With seldom a vacancy, the complex generates just under $50,000 in gross income annually, Plenty of on-site parking including individual enclosed carports. Additional amenities include separate meters, individual heat & air, an onsite coin-op laundry, upgraded flooring, and no deferred maintenance. Add in a cap in the neighborhood of 8% to 9% and you have an investment that's hard to beat.

FOR SALE DETAILS

PRICE

$478,350 USD

PRICE/SF

$103 USD /SF

# OF UNITS

7

PRICE/UNIT

$68,336

CAP RATE

8.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mesilla Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

Incorporated

APN/PARCEL ID

02-01498

ASK ABOUT THIS PROPERTY

Gary SandlerGary Sandler Inc RealtorsMore Info
575-642-2292

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Gary SandlerGary Sandler Inc RealtorsMore Info
575-642-2292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.