1501 Missouri Ave Las Cruces, NM 88001-5394

This exceptional 14-unit apartment building presents a compelling investment opportunity in the vibrant city of Las Cruces, New Mexico. Located at 1501 Missouri Ave, this property boasts a substantial 15,315 square feet of space on a 0.51-acre lot, offering significant potential for growth and return. The asking price is $1,353,879.12, translating to a price per unit of $96,705.65 and a price per square foot of $88.40. The property currently generates a strong 6.75% capitalization rate, with a pro-forma NOI of $91,386, reflecting a stable and profitable income stream. Detailed financial information, including a rent roll and income/expense statements, is available upon request. The building features approximately 13,230 heated square feet, providing comfortable living spaces for tenants. This well-situated property in Doña Ana County, zip code 88001, offers investors a chance to acquire a proven performer in a thriving market. The property's location in Las Cruces provides easy access to local amenities, transportation, and a growing population base. This is an ideal opportunity for investors seeking a stable, high-yielding multifamily asset in a desirable New Mexico location. Don't miss this chance to add a valuable property to your portfolio.