Multi-Family•Low Rise•For Sale

Seville Apartments

1400 Alamo Street, Las Cruces, New Mexico 88001

Sale Price $1,100,000 ($61.51 /SqFt)
Zoning R-3
Class C
Status Existing
Year Built 1964
Stories 2
Cap Rate 6.51%
Vacancy 8%
Annual Taxes $9,000.00
Op Expenses $2.19/sqft
Gross Bldg 17,884 SqFt
RBA 17,884 SqFt
Contig Space 3,000 SqFt
Land Area .77 Acres
Project Size 24
#1 Bedrooms 7
#2 Bedrooms 8
#3+ Bedrooms 9
Parcel# 02-11745
Seville Apartments is an opportunity for a Value-Add Investor to upgrade units, increase occupancy and raise rental rates between $75-$100 each 2 Bed. Currently this property is operating at 92% Occupancy with an NOI of $71,617. Las Cruces is the largest city in southern New Mexico with a population of 101,000. If you are looking for a property with a tremendous amount of potential, then this is the perfect property for you. Our seller is extremely driven to make a deal with you. Take a good look at everything that is on this page because I have personally inspected all the documents associated with this property and I sincerely feel that this one is incredible. The documents will provide a full disclosure on this property. After you have completely viewed all the data supplied, pleases use my contact information provided to reach out with any questions you may have.

1 Spaces

1,000 SqFt
$61.51 NNN
11
1
03/20/2019
1,000 SqFt
3,000 SqFt
Seville Apartments is an opportunity for a Value-Add Investor to upgrade units, increase occupancy and raise rental rates between $75-$100 each 2 Bed. Currently this property is operating at 92% Occupancy with an NOI of $71,617.
7/12/2019 12:00:00 AM 7/12/2019 7:59:58 PM
Tony Briguglio
Chief Production Officer
Baron Realty Group

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