405 Palm Ave - Multi-Family FOR SALE


Las Cruces, NM 88001- Downtown Las Cruces
$535,000 USD
575-635-6662
405 Palm Ave, Las Cruces, NM for Sale
$535,000 USD
Multi-Family - FOR SALE
1/34
null | 7.75% Cap Rate

405 Palm Ave
Las Cruces, NM 88001
Downtown Las Cruces


HIGHLIGHTS

  • currently occupied and bringing in a good income stream
  • highly sought after container homes
  • centrally located

OVERVIEW

OPEN HOUSE SATURDAY SEPT 27TH 11-2. This listing encompasses 2 properties, 405 and 409 Palm Ave. The properties are deeded separately but being sold as one. Great income opportunity in the heart of downtown, currently furnished and renting as furnished rentals both long term and as vacation rentals. Located on a dead-end street in the heart of Las Cruces, this modern container home 4 plexis a great investment or a home with an income producing property. These units are studios with great floor plans to give added privacy to the bedroom area, they have full baths and kitchens which are incredibly sought after in the vacation rental market. The landscaping is mature and beautiful and a lovely additional to the shared patio which has a mountain view.

FOR SALE DETAILS

PRICE

$535,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

4

PRICE/UNIT

$133,750

CAP RATE

7.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Plex in heart of downtown Las Cruces

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,486 SF

ZONING

-

APN/PARCEL ID

19-01271

ASK ABOUT THIS PROPERTY

P ValdevitRethink Real Estate LLCMore Info
575-635-6662

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P ValdevitRethink Real Estate LLCMore Info
575-635-6662

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