Great Investment Starter Multifamily For Sale

Multi-Family for Sale
Catylist Listing ID: 30081904
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,960 SF
Gross Building Area: See Agent
Sale Price: $237,000
Unit Price: $59,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2017

Overview / Comments

Two Duplex Buildings (4 Units) For Sale.

Property Features:
• Good starter investment property with very little maintenance
• 4 units rented at $500.00 per month, 100% occupied
• New wafer board and shingles put on summer of 2016
• New Evaporative Coolers replaced summer of 2016
• All units have electric range, refrigerator, & gas wall heater
• Three units have gas hot water heaters, one unit has electric hot water heater
• All units have individual gas and electric meters
• One water meter for both duplexes; Landlord pays water
• Tenant pays for gas, electric, trash
• Estimated property taxes $782.00
• Four 3 bedroom units; all units are approximately 740 square feet

Location Overview:
These two Duplex buildings are located near Downtown Las Cruces. In close proximity to retails stores, restaurants and schools including Albertsons, Lowes Fiesta Foods, Burger King, Pizza Hut and many more.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,277 70,488 115,260
Median Age: 34.13 33.75 34.87
Households: 5,320 28,252 45,852
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