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201 Three Crosses Ave
Las Cruces, NM 88005

Assumable Agency Debt · Multifamily Property For Sale · 39 Units

Investment Highlights

  • - Assumable Fannie Mae Debt- 30 yr am, 10 yr term, 5.79% interest rate, 3.6MM loan balance with an 1% assumption fee
  • - New Three Crosses Regional Hospital can be found less than a mile from subject property
  • - Property consists of granite countertops and tile flooring throughout
  • - Units are spacious with average unit size of 1,146 SF
  • - Las Cruces is second largest city in New Mexico with a population of over 106,000
  • - Units are individually metered for electricity and gas

PROPERTY FACTS

No. Units 39
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 0.43 AC
Building Size 44,685 SF
Average Occupancy 97%
No. Stories 3
Year Built 2014

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 24 $954.00 1,035
3+3 15 $1,037 1,323

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-00676
Land Assessment
$12,487
Improvements Assessment
$287,463
Total Assessment
$299,950

zoning

Zoning Code C2
C2
  • Listing ID: 28388241

  • Date on Market: 5/3/2023

  • Last Updated:

  • Address: 201 Three Crosses Ave, Las Cruces, NM 88005

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