Bought with SWMLS
$1,009,999
$1,090,143
7.4%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
7,378 SqFt
SOLD DATE : 12/28/2023
Key Details
Sold Price $1,009,999
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,378 sqft
Price per Sqft $136
Subdivision Lots 6-9 Newell Subdivision
MLS Listing ID 1043576
Sold Date 12/28/23
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1958
Annual Tax Amount $2,906
Lot Size 0.650 Acres
Acres 0.65
Lot Dimensions Public Records
Property Description
Each spacious and updated 2 bedroom, 1 bath unit features its own townhome feel with dedicated fenced inback yards, storage sheds, private driveways, and freshly landscaped front yards featuring a xeriscape appearance.Fresh interior and exterior paint, new washers and dryers in each unit, flooring, fixtures, and countertops, provide the new look tenants are searching for. Not only do these upgrades make these units desirable, but the eye-catching and easy to maintain landscaping sets each unit apart from anything else in close proximity. To top it off, each unit is 100% individually metered which makes it a breeze to manage and future owners can pursue subdividing each unit as a possible condo or townhome setup.Measures of investment performance at $1,090,143 are 6.22% cap rate,
Location
State NM
County Dona Ana
Area 430 - Dona Ana
Rooms
Ensuite Laundry Washer Hookup
Interior
Laundry Location Washer Hookup
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Vinyl
Fireplace No
Appliance Refrigerator
Laundry Washer Hookup
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 4-008-136-086-243
Acceptable Financing Cash, Conventional
Green/Energy Cert None
Listing Terms Cash, Conventional
Financing Cash
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