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Monte Vista Apartments 1140 Monte Vista Ave 20 Unit Apartment Building $2,581,663 CAD ($129,083 CAD/Unit) 6.69% Cap Rate Las Cruces, NM 88001



Investment Highlights
- Turnkey property with consistent income
Data Room Click Here to Access
- Operating and Financials
- Title and Insurance
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,581,663 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $129,083 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.65 AC |
| Cap Rate | 6.69% | Building Size | 13,392 SF |
| Gross Rent Multiplier | 10.78 | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 3.66/1,000 SF |
| Zoning | R3 - Residential | ||
| Price | $2,581,663 CAD |
| Price Per Unit | $129,083 CAD |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| Gross Rent Multiplier | 10.78 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 13,392 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 3.66/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | - | 600 - 700 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-12449 | Total Assessment | $404,625 CAD (2025) |
| Land Assessment | $35,093 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $369,532 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
02-12449
Land Assessment
$35,093 CAD (2025)
Improvements Assessment
$369,532 CAD (2025)
Total Assessment
$404,625 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Monte Vista Apartments | 1140 Monte Vista Ave
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