557 NM-187, Hatch, NM 87937

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SOLD $349,000 - Condo / Townhouse

6416 sq ft

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24-Unit Apartment Complex in New Mexico – $16K per Door

Price: $395K ($16K per door)

557 HWY-187, Hatch, New Mexico 87937 (30 mins north of Las Cruces)
Parcel ID: R1100709

24 Units (16x two beds, 8x one beds) all completely vacant.
Section 8 Rents – $700 to $800 (from a local real estate agent)Retail Rents – $750 to $900Year Built – 19861.87 Acres
ALL UNITS have individual electric and gas meters, common water & sewer.

Building A
8x – Two-Bedroom Units6,416 SQ FT
Building B8x – One-Bedroom Units5,536 SQ FT

Building C8x – Two-Bedroom Units
5,888 SQ FT

Building D – Management Leasing Office

2019 Property Taxes – $1,646.56

Important Information

House is being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the properties above. Price based on a cash or hard money offer and is net to seller, 7-10 day close of escrow is required. Buyers to do their own independent due diligence and take any necessary precautions to verify any and all material facts. Great Flips and its members/representatives make no guarantees concerning property condition, value, characteristics or financial benefits. Great Flips may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties (without any warranty or representation other than it is the buyer under the subject contract). Opinion of value is given as courtesy. Our opinion is just an opinion and seller makes no guarantees or warranties, express or implied, as to the value or condition of the home.