Active
Multi Stream Income Property
855 W Picacho Ave Las Cruces, NM 88005
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Overview
Exceptional turn-key multi stream investment property. Excellent cash flow history. Features mixed use light industrial, warehouse/shop, vehicle lot, mini storage, street frontage business, a 12x12 office building and a 1,428 sf 2004 Schultz manufactured home on a permanent foundation( 2x6 frame, sun room, fenced , metal porch 3br, 2 bath) that can be used as a rental or onsite living. Located near Parks, recreational facilities and a bustling redevelopment district, this property is a fantastic opportunity. This property is completely fenced and cross fenced, well maintained income producer.
For Sale
Industrial
Secondary Uses: Warehouse/Distribution
- Sale Price
- $495,000
- Price Per SF
- $165.4/SF
- Investment
- Yes
- Cap Rate
- 9%
- Gross Income
- $69,000
- Net Operating Income
- $45,044
- Total Expenses
- $17,056
- Building Size
- 2,992 SF
- Acres
- 0.74 ac
- Zoning
- C-2
- Tenant
- Multi
- Building Name
- Mesilla Valley Shops and Storage
- Number Of Buildings
- 2
- Floors
- 1
- Year Built
- 1970
- Year Renovated
- 2003
- Construction Type
- Framed
- Nearest MSA
- Las Cruces
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 90
- In Opportunity Zone
- Yes
- Drive In Number
- 15
- Lighting
- LED
- Power Phase
- 3 Phase
- Water Provider
- City - City
- County
- Dona Ana
- Created
- 2020-02-21
- Updated
- 2024-09-06
- Listing ID
- 52adc6d8