This Multifamily Property is Off-Market.

505 W. Griggs
Las Cruces, NM 88005 ·

51 Units · Multifamily For Sale

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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
Property Sub-type Garden/Low-Rise
Listing ID: 14255857 Date Created: 06/30/2005 Last Updated: 11/07/2005

Description

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.

Highlights

  • Growing Area
  • Great Location
  • Well Maintained
  • Strong Occupancy

Research

505 W. Griggs, Las Cruces, NM 88005 (Dona Ana County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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