8 months on rocket

1404 Montana Ave, Las Cruces, NM, 88001

$671,260

Home List Price

$7,971*

Closing Credit

1 Bedroom
1 Bath
3,275 SqFt
$205/SqFt
Multi

Location

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1404 Montana Ave, Las Cruces$671,260

Buyer Closing Credits

$7,971*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1949
HeatingWall Furnace
CoolingEvaporative Cooling
MLS #1057908
Lot Size0.20 Acres
StatusActive

About 1404 Montana Ave

This stunning 6-plex, nicknamed ''The Tall Pines'', due to the remarkable large pine trees that encapsulate this property, is a must see. Designed in a horseshoe/U pattern, it allows for a shared common area which residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho and Boutz, this revitalized 6-unit property is just 1 mile from NMSU and 2 miles from downtown, offering ease of travel for anyone attending NMSU or someone wanting to take advantage of the amazing eateries and breweries located downtown. Measures of investment performance at list price of $671,260 and with average rent of $787 include GRM of 11.85, Before Reserves Cap rate of 5.70% and after tax IRR of 10.50%.

Property Details

Property Features

Property Information:

  • Year Built: 1949
  • Stories: 1
  • Living Area: 3,275 SqFt

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: Landscaping

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Evaporative Cooling

Other

Directions Information:

  • Directions: From Missouri and Espina - west on Missouri to Solano, north to Montana, east to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $671,260
  • Price Per SqFt: $205/SqFt

Tax Information:

  • Annual Amount: $856
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Las Cruces, NM.

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Las Cruces, NM

City

Med. List Price

$545K

Med. Price/SqFt

$198

Avg. Days On Market

94

1404 Montana Ave vs Las Cruces

265 DAYS ON ROCKET

+171 Days

$671,260

+$126.2K More

$205/SqFt

+$6 More

KEY TAKEAWAY

This property is $126.2K more than the Median List Price and $6/SqFt more than other homes in Las Cruces, NM.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1057908

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$856$27,254
2019$828$26,460
2018$765$26,460
2017$765$26,608

History based on county public records data.

Payment Calculator

$3,418

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,079

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-455986
4
/10

  • Conlee Elementary School

  • 1701 Boston Dr

  • 0.48 miles

  • Public District Grades PK-5

school-card-donut-455987
3
/10

  • Valley View Elementary School

  • 915 California Ave

  • 0.53 miles

  • Public District Grades PK-5

school-card-donut-455988
4
/10

  • University Hills Elementary School

  • 2005 S Locust St

  • 0.67 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,076. Residents of Las Cruces, NM typically earn less than $35k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Doña Ana County›Las Cruces›88001›1404 Montana Ave

This home is located at 1404 Montana Ave in Las Cruces, NM and zip code 88001. This 3,275 square foot home, which was built in 1949, sits on a 0.20 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $671,260.

While the average time on the market in October 2024 was 94 days, the median list price was $545,000.

From Rocket Homes Real Estate and based on county public records data.

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