- For Sale $671,260
- Property Type Multi-Family
- Property Size 3,275 SF
- Units 6
- Lot Size 0.2 Acre
- Cap Rate % 5.5
- Additional Rent Contact for pricing
- Date Updated Oct 25, 2024
This stunning 6-plex, nicknamed "The Tall Pines", due to the remarkable large pine trees that encapsulate this property, is a must see. Designed in a horseshoe/U pattern, it allows for a shared
common area which residents love to take advantage of. Easy to Þnd and situated off S. Solano,
between Idaho and Boutz, this revitalized 6-unit property is just 1 mile from NMSU and 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.
Many improvements have been completed making it stand out amongst the competition. Moving
away from outdated carpet, each unit is situated with vinyl plank and tile flooring making cleaning
and maintenance a breeze. New vinyl windows not only aid in keeping the dust out, but it also gives
it that modern appearance people are looking for while aiding in energy efÞciency. These white
vinyl windows really stand out due to the fresh exterior and interior paint completed throughout the
property. Additionally, these all-electric units have had the electric service upgraded on each unit
allowing the way for a new Owner to upgrade to refrigerated air. Topping off these improvements
with ceiling fans, modernized Þxtures, and updated heat sources truly brings these units to a level
which makes them more desirable by prospective tenants.
In a growing and expanding market like Las Cruces, where there continues to be a shortage of
housing units, this property meets many needs. Keep and rent as is, furnish a few, offer the units to
government assistance programs, or expand on the value-add potential and escalate rents. Whichever avenue you choose to pursue, the opportunity awaits to capitalize on a strong rental market
that keeps improving, while offering quality housing to the great people of Las Cruces.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
-
Walk Score ®
71/100 Very Walkable -
Bike Score ®
67/100 Bikeable
- City Las Cruces, NM
- Zip Code 88001
- Market Albuquerque
Points of Interest
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Shell
0.22 miles
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Circle K
0.71 miles
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Sunoco
0.76 miles
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Valero
0.90 miles
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Alon
0.92 miles
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Speedway
1.00 miles
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Brewer
1.13 miles
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Fina
1.30 miles
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Tesla Supercharger
3.13 miles
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Faculty/Staff Parking
1.17 miles
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Handicap Parking
1.19 miles
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Metered Parking
1.20 miles
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Clinton Anderson Hall Guest Parking
1.29 miles
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Lot 30
1.41 miles
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Lot 35
1.53 miles
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La Posta Overflow Parking
2.57 miles
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La Posta Parking
2.60 miles
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Super 8
1.04 miles
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Best Western Mission Inn
1.08 miles
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Motel 6
1.08 miles
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Ramada Palms
1.09 miles
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Sands Motel
1.11 miles
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Kilby Motel
1.12 miles
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Comfort Inn
1.12 miles
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Bruce Motel
1.12 miles
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Holiday Inn Express Hotel & Suites
1.14 miles
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WoodSpring Suites
1.21 miles
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India Hut
0.07 miles
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El Taco Mexicano
0.09 miles
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Papa John's
0.14 miles
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Wingstop
0.17 miles
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RoadRunner Pizza
0.17 miles
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Mi Pueblito
0.24 miles
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Habañero's FreshMex
0.26 miles
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Little Caesars
0.51 miles
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Pizza Hut
0.51 miles
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Sonic
0.53 miles
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Conlee Elementary School
0.50 miles
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Valley View Elementary School
0.57 miles
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University Hills Elementary School
0.67 miles
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Las Cruces High School
0.68 miles
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Lynn Middle School
0.69 miles
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Hermosa Heights Elementary School
1.03 miles
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Bradley School
1.06 miles
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Los Montoñas Charter High School
1.21 miles
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New Mexico State University
1.30 miles
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Las Cruces Academy
1.37 miles
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Discovery Child Development
0.83 miles
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Children's Learning Adventure
0.84 miles
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Myrna's Children's Village
1.82 miles
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The Children's Garden
1.87 miles
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Noah's Ark Learning Center
7.25 miles
Frequently Asked Questions
How much does 1404 E. Montana Ave cost?
The space currently listed for sale at 1404 E. Montana Ave asks for $671,260.
What is the total square footage of 1404 E. Montana Ave?
1404 E. Montana Ave totals 3,275 square feet.
Looking for more in-depth information on this property?
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Contact Listing Broker
Todd Clarke Is this you?
New Mexico Apartment Advisors