2650 Fairway Drive

Las Cruces, New Mexico 88011

Multi Family

6 baths

  • Property Details

    Built in 1981 the four-plex at 2650 Fairway Drive has enjoyed a very long 100% occupancy. The property consists of two units that are two bedrooms and two bathrooms. The other two units are two bedrooms and 1 bath. The four units do have a back patio. Each unit also has a small storage unit for your Tenants. The property has had the same owner since 1994. The location is very good for New Mexico University, Memorial Medical Center and shopping. The property has plenty of on-site parking and plenty of street parking. The apartments are in very good shape on the inside and have been kept up by licenses contractors. According to the market area the rents are a little under market rents. The square footage of the larger units is 945 and the smaller units are 878. The total square footage is 3646. The 13,175 square foot lot is completely landscaped with easy maintenance desert landscaping. Professionally marketed by Tom Whatley, please call 575-649-2256 for an exclusive showing. 2015 CAP Rate was 9.55%
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  • Additional Property Information

    This multi family listing located at 2650 Fairway Drive, Las Cruces, NM offers six bathrooms. The property is currently offered for $249,000.

    This property is presented by THOMAS WHATLEY of Steinborn & Associates Real Estate headquartered in New Mexico.