Multi-Family
Low-Rise

Seville Apartments

1400 Alamo Street,  Las Cruces, New Mexico 88001

For Sale

$1,100,000

About 1400 Alamo Street

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.
R-3
C
Existing
1964
2
6.51%
8%
$9,000.00
$2.19/sqft
17,884 SqFt
17,884 SqFt
.77 Acres
24
7
8
9
02-11745
1 Space
LEASE RATE
$61.51 NNN
AVAILABLE
1,000 SqFt
SUITE
11
FLOOR
1
DATE AVAIL
03/20/2019
MIN DIVISIBLE
1,000 SqFt
MAX CONTIG
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.
Attachments & Links
Seville_Apartments.pdf
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Tony Briguglio

Chief Production Officer

Baron Realty Group


New York, NY

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