1404 E. Montana Ave

For Sale

1404 E. Montana Ave, Las Cruces, NM 88001

This Las Cruces property for sale is located at 1404 E. Montana Ave. The current listed sale price for 1404 E. Montana Ave is $671,260. 1404 E. Montana Ave is situated on a lot that is 0.2 acre in size.

Contacts

broker
Todd Clarke

New Mexico Apartment Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 3,275 SF
  • Units 6
  • Lot Size 0.2 Acre
  • Cap Rate % 5.5
  • Additional Rent Contact for pricing
  • Date Updated Nov 27, 2024

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 Þnd 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.

Many improvements have been completed making it stand out amongst the competition. Moving

away from outdated carpet, each unit is situated with vinyl plank and tile flooring making cleaning

and maintenance a breeze. New vinyl windows not only aid in keeping the dust out, but it also gives

it that modern appearance people are looking for while aiding in energy efÞciency. These white

vinyl windows really stand out due to the fresh exterior and interior paint completed throughout the

property. Additionally, these all-electric units have had the electric service upgraded on each unit

allowing the way for a new Owner to upgrade to refrigerated air. Topping off these improvements

with ceiling fans, modernized Þxtures, and updated heat sources truly brings these units to a level

which makes them more desirable by prospective tenants.

In a growing and expanding market like Las Cruces, where there continues to be a shortage of

housing units, this property meets many needs. Keep and rent as is, furnish a few, offer the units to

government assistance programs, or expand on the value-add potential and escalate rents. Whichever avenue you choose to pursue, the opportunity awaits to capitalize on a strong rental market

that keeps improving, while offering quality housing to the great people of Las Cruces. 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 71/100

    Walk Score ®

  • 67/100

    Bike Score ®

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Location

  • City Las Cruces, NM
  • Zip Code 88001
  • Market Albuquerque

Points of Interest

  • Shell

    0.22 miles

  • Circle K

    0.71 miles

  • Sunoco

    0.76 miles

  • Valero

    0.90 miles

  • Alon

    0.92 miles

  • Speedway

    1.00 miles

  • Brewer

    1.13 miles

  • Fina

    1.30 miles

  • Tesla Supercharger

    3.13 miles

  • Faculty/Staff Parking

    1.17 miles

  • Handicap Parking

    1.19 miles

  • Metered Parking

    1.20 miles

  • Clinton Anderson Hall Guest Parking

    1.29 miles

  • Lot 30

    1.41 miles

  • Lot 35

    1.53 miles

  • La Posta Overflow Parking

    2.57 miles

  • La Posta Parking

    2.60 miles

  • Super 8

    1.04 miles

  • Best Western Mission Inn

    1.08 miles

  • Motel 6

    1.08 miles

  • Ramada Palms

    1.09 miles

  • Sands Motel

    1.11 miles

  • Kilby Motel

    1.12 miles

  • Comfort Inn

    1.12 miles

  • Bruce Motel

    1.12 miles

  • Holiday Inn Express Hotel & Suites

    1.14 miles

  • WoodSpring Suites

    1.21 miles

  • Lowes Foods

    0.17 miles

  • Albertsons

    0.65 miles

  • Mountain View market

    0.81 miles

  • Pro's Ranch Market

    0.83 miles

  • Toucan

    1.00 miles

  • Sprouts Farmers Market

    1.14 miles

  • Big Lots

    1.21 miles

  • JCPenney

    1.27 miles

  • Mesilla Valley Mall

    1.32 miles

  • Walmart Supercenter

    1.34 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Todd Clarke

New Mexico Apartment Advisors