$359,000
$359,000
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0.36 Acres Lot
SOLD DATE : 09/06/2024
Key Details
Sold Price $359,000
Property Type Condo
Sub Type Apartment Building
Listing Status Sold
Purchase Type For Sale
Subdivision Coxs Third Subdivision
MLS Listing ID 2103649
Sold Date 09/06/24
Originating Board lascruces
Year Built 1970
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions .25 to .50 AC
Property Description
Seven (7) Units for sale less than 1 mile from Downtown with BELOW market rents. See rent roll, APOD (proforma) and 12 month cash flow. Property consists of a 3 plex and a 4 plex on two (2) parcels. The entire property is sold together and sits on a corner lot. Both lots combined total approximately .36 acres. Gas & electric are paid by tenants. Water/sewer paid by Landlord. Units have been upgraded periodically as they came vacant. Unit 950 #4 is vacant. Unit 950 #1 is also vacant however in the middle of a turnover as of late Nov (tenant lived there for many years). Newer roofs, owner believes he replaced them 6-7 years ago. Lots of potential to increase rents and cash flow. Seller is a licensed NM real estate broker.
Location
State NM
County Dona Ana
Interior
Heating Gas
Cooling Evaporative Central
Fireplace N
Appliance Range/Oven, Refrigerator
Exterior
Parking Features Off-Site Park
Fence Chain Link
Roof Type Pitched,Shingle
Building
Foundation Carpeting, Ceramic Tile, Vinyl
Sewer City Sewer
Water City
Structure Type Block,Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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