This property is Off-Market
505 W. Griggs
Las Cruces, NM 88005 ·
51 Units · Multifamily For Sale
Puerta Del Sol Apartments
|Price||N/A||Property Use Type||Investment|
|No. Units||51||Cap Rate||8.50%|
|Building Size||39,200 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1972|
|Listing ID: 14255857||Date Created: 06/30/2005||Last Updated: 11/07/2005|
Puerta Del Sol Apartments is a 51 unit complex located in the heart of Las Cruces, New Mexico. With a quaint atmosphere, starting with its impressive courtyard/pool area, Puerta Del Sol offers a tremdous investment opportunity. Over the past 12 months, nearly $100,000 in capital improvements have been put into the property including carpeting, painting, appliances, lanscaping and complete renovation and painting of the exterior.
Las Cruces, New Mexico is one of the fastest growing MSA in the nation. Nationally recognitions include: 2004 Milken Institute - Ranked #2 in Small Metro areas for Business. 2003 Milken Institute - "One of top 3 small metro areas for Business; 2002 Forbes - "Best small metro area for Business"; 2002 Money Magazine - "Top Area In U.S. to Retire". Puerta Del Sol Apartments are located in the historic Alameda Depot District and downtown area which is experiencing a revitalization. New construction of a Federal Courthouse, City Hall, and other commercial, office and entertainment.
- Growing Area
- Great Location
- Well Maintained
- Strong Occupancy
Alan Chastine, CCIM's Other Listings
1140 Monte Vista
Las Cruces, NM 88001
For Sale · $850,000
10,000 SF Building
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