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The information contained herein was obtained from sources believed reliable; however, the brokers makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice. |
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Madrid Manor 25 unit Apartment Community 202 West Madrid—Las Cruces, New Mexico |
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Priced approximately $120k below 2005 appraisal! $5,000 credit to buyer upon assuming current mortgage! |
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Additional acreage allows for development of an additional 3 units |
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Marketed By: |
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505.507.5263 NM Apartment Advisors Inc. |
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Investment Information |
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Offering Price: |
$738,888 |
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$/Unit: |
$29,556 |
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$/sf: |
$42.32 |
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CAP before reserves: |
7.9% |
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Cash on Cash : |
5.8% |
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GRM: |
6.39 |
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DCR: |
1.32 |
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Executive Summary |
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Total Units: |
24 Apts, 1 House |
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Building Size: |
17,460 sf +/- |
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Land Size: |
62,485 sf +/- |
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Average Unit Size: |
698 |
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Average Rent: |
$386 |
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Date Built: |
1947 House/ 1985 Apt |
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95% Occupied |
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Assumable mortgage—call for details |
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