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Buy a multi-family propertyat 2220 Sambrano Avenue NE, Las Cruces, NM 88001

$433,535

$0/mo

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Multifamily

3,000 Sq. Ft.

7,710 Sq. Ft. lot

616 Days on market

1021304 MLS ID

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About 2220 Sambrano Avenue NE multi-family property

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
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

Property details

Appliances and Equipment

Refrigerator

Bedrooms

2 total bedrooms

House

2 total stories

Built in 1985

Stories: 2

3,000 sqft living area

3000 total building sqft

Frame

Two

Cooling

Evaporative Cooling

Disclosures

RANM 2100 Disclosure

Expenses

Operating Expense: $11,810

Exterior Features

Landscaping

Heating

Central

Forced Air

Income

Gross Income: 35796

Listing

Property Subtype: Quadruplex

127 days on market

Listed on 2022-08-18

Location

County: Dona Ana

Subdivision: Las Lomas Estates Phase 2

Lot

7710.12 sqft

0.18 acres

Property

Single building

4 units

Resale

Taxes

Annual Amount: $1,920

Tenant Pays

See Remarks

Utilities

Electricity Connected

Natural Gas Connected

Phone Connected

Sewer Connected

Water Connected

Monthly cost

Estimated monthly cost

$2,777/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$407,523

+$13,006

$420,529

Seller agent commission$13,006 (3%)*

$0 (0%)

Buyer agent commission$13,006 (3%)*

$13,006 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $13,006 more selling your home
with an Unreal Estate agent

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  • Land for sale in New Mexico
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Cities

Unreal Estate checked: Aug 8, 2023 at 4:44 p.m.

Data updated: Dec 23, 2022 at 4:49 p.m.

Courtesy of NM Apartment Advisors, Inc..
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Listing Information © 2024 Greater Albuquerque Association of REALTORS®. All Rights Reserved.

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