Courtesy: New Mexico Properties | Carson E Morgan
  • Price:

    • $2,930,000

  • Listing #:
    • 1902046
  • Class:
    • MultiFamily
  • Status:
    • Active
  • Bathrooms:
    • 58.00
  • # of Acres:
    • 6.11
  • Lot Size:
    • 5
  • Year Built:
    • 1975
  • Subdivision:
    • Unsubdivided Silver City
  • Address:
    • 4210 Kiva Place
  • City:
  • County:
    • Grant
  • Area:
    • 999 - Other
  • State:
    • NM
  • Zip:
    • 88061

Description

***GREAT INVESTOR OPPORTUNITY*** 50 unit complex nestled in the pinon and juniper hills on the northern side of Silver City. The Los Cerros Apartments offers an investor a rare opportunity to take advantage of the strong rental market Silver City has to offer and to capitalize on the huge upside potential in this property. This offering consists of 10 one bedroom units, 32 two bedroom units, and 8 three bedroom units.

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  • Building Details
    • Construction:
      • - Frame
      • - Slump Block
    • # Of Floors:
      • - One
    • Green Certified:
      • - No
    • Roofing:
      • - Metal
      • - Pitched
      • - Shingle
    • Flooring/foundation:
      • - Ceramic Tile
    • Number Of Units:
      • - 50
    • Unit Features:
      • - Balcony
      • - Common Outside Laundry
    • Appliances:
      • - Dishwasher
      • - Oven / Range
      • - Refrigerator
  • Square Footage
    • Appx Total Sqft:
      • - 44132.00
    • #1 Br Sqft:
      • - 625.00
    • #2 Br Sqft:
      • - 650.00
    • #3 Br Sqft:
      • - 950.00
  • Property Details
    • Parking Type:
      • - None
    • Parking Capacity:
      • - 50.00
    • Fence:
      • - Wood
  • Income and Expenses
    • Gross Income Month:
      • - 29882.00
    • Rent/1 Br Each:
      • - 575
    • Rent/2 Br Each:
      • - 675
    • Rent/3 Br Each:
      • - 900
    • Util/serv Included In Rent:
      • - Gas
      • - Sewer
      • - Trash Collection
      • - Water
    • Total (est) Expense Month:
      • - 9514.00
  • Utilities
    • Water:
      • - City Water
    • Sewer:
      • - City Sewer
    • Heating:
      • - Forced Air
      • - Gas
      • - Heat Pump
    • Cooling:
      • - Refrigerated Central
  • Miscellaneous
    • Type Of Tenancy:
      • - Month To Month
    • Occupancy:
      • - Over 95% Occupancy
    • Amenities (common):
      • - Central Laundry
    • Miscellaneous:
      • - Individual Heat & Air
      • - Meters Master
      • - Meters Separate