708 N Fifth St - Apartments FOR SALE


Carlsbad, NM 88220
$1,200,000 USD
575-885-2138
708 N Fifth St, Carlsbad, NM for Sale
$1,200,000 USD
Apartments - FOR SALE
1/16
null | 8% Cap Rate

708 N Fifth St
Carlsbad, NM 88220


OVERVIEW

Offered for sale is a well maintained 12 unit apartment complex running at an 8.0% CAP rate and is 100% occupied. This 2-story complex offers a newly installed laundry room, eleven 2 bed, 1 bath units and one 1 bed, 1 bath unit all fully furnished. Two-bedroom units are approximately 750 sq ft, AC units installed in each apt in 2018, city water, sewer and electric. Located near the Carlsbad High School and PR Leyva Jr High. Don't miss this great investment opportunity located north Carlsbad and in a rapidly growing oil and gas community in the Permian Basin.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

12

PRICE/UNIT

$100,000

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

4-156-127-087-013

ASK ABOUT THIS PROPERTY

Amanda MashawDunagan Associates Inc.More Info
575-885-2138

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Amanda MashawDunagan Associates Inc.More Info
575-885-2138

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