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3069 Del Rey Boulevard
Las Cruces, NM 88012
Asking Price
$2.30M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Terrace View Apartments <p>• Project Scope: 60 large modern apartment units totaling approximately 67,560 square feet.</p><p>• Development Status: Fully entitled and permitted with active construction in progress.</p><p>• Completed Site Work: Includes professional grading, infrastructure preparation, and poured concrete slab foundations for the residential buildings.</p><p>• Unit Mix: Spacious one- and two-bedroom units designed to appeal to professionals, medical staff, and families.</p><p>• Location Advantage: Situat
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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741
