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2220 Sambrano Avenue NE

Las Cruces, NM 88001
  • $433,535
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 1021304
UPDATED: 44 min ago
$433,535
  • 2
    BEDS
  • 0.18
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $145
    $/SQFT
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 (www.nmapartment.com/lcstudio). 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.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/sf

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IDX information © 2022 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Team | Realty Executives Advantage. Data last updated: 2022-10-01T00:04:59.217.
www.trtnm.com/homes/132335104
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2220 Sambrano Avenue NE Las Cruces, NM 88001

  • Price: $433,535
  • Status: Active
  • On Site: 41 Days
  • Updated: 44 min ago
  • MLS #: 1021304
2
Beds
1
Baths
0
½ Baths
0.18
Acres
3,000
SQFT
$145
$/SQFT
1985
Built
Neighborhood:
Las Lomas Estates Phase 2
County:
Dona Ana
Area:
430 - Dona Ana
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 (www.nmapartment.com/lcstudio). 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.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/sf
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels Two Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring See Remarks Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 3000 Disclosures Ranm 2100 Disclosure Gross Income 35796 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 11810 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 1920.2 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description R-2

Southwest MLS] logo Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 The Southwest Multiple Listing Service, Inc. 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. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Team | Realty Executives Advantage. Data last updated: 2022-10-01T00:04:59.217.
 
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