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Off-Market
135 Cascade Ave
La Mesa, NM 88044, USA
List price
$59,750
5
beds
2.5
baths
1940-01-01
built
Single Family
Photos of the property
Explore the location
· from aerial to streetside.
Story
PROPERTY IS IN A NICE SECLUDED RURAL AREA 15 MIN TO EITHER LAS CRUCES NM OR EL PASO TX.
RIGHT NEXT TO SCHOOL
PERFECT RENTAL CASH FLOW PROPERTY OR FIXER UPPER.
GREAT ARV IN THE AREA.
PEOPLE LOVE TO LIVE IN THIS RURAL HOMES AWAY FROM THE NOISY CITY LIFE. YET CLOSE TO MAIN HWY
NEEDS ABOUT 30K - 40K IN REPAIRS/UPDATES FOR A FULL MARKET VALUE BASED ON LOCAL CONTRACTORS ESTIMATES.
DOES NOT NEED NEW ROOF JUST PATCHING .NEW FLOORING AND WALL TEXTURE AND PAINT.
Property details
10 details the seller has shared
Property
· The bones — what the buyer sees first
Bedrooms
5
Full baths
2
Half baths
1
Year built
1940
Stories
1
Units
1
Property type
Single Family
Financials
· What it earns and what it costs to hold
ARV (after repair)
$150,000
Cap rate
15%
Monthly cash flow
$800 /mo
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