Bought with Deacon Property Services
$633,500
$633,500
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1 Bed
1 Bath
3,275 SqFt
SOLD DATE : 08/18/2025
Key Details
Sold Price $633,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,275 sqft
Price per Sqft $193
Subdivision Subd: C L Andrews Lot: 1 S: 20 T: 23S R: 2E Inst # 2218114 Pt Of Lt 1
MLS Listing ID 1081584
Sold Date 08/18/25
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1949
Annual Tax Amount $3,053
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
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 find 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.Measures of investment performance at list price of $633,500 and with average rent of $817 include GRM of 10.77, Before Reserves Cap rate of 6.00% and after tax IRR of 14.30%.
Location
State NM
County Dona Ana
Area 430 - Dona Ana
Interior
Heating Wall Furnace
Cooling Evaporative Cooling
Flooring Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 0212060
Acceptable Financing Cash, Conventional
Green/Energy Cert None
Listing Terms Cash, Conventional
Financing Conventional
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