1500 Panlener Avenue, Las Cruces, NM 88001

The Sands Village is a proposed 28-unit multifamily development opportunity located just six blocks--from New Mexico State University. Existing plans include 16 two-bedroom/two-bath units of approximately 1,050-1,100 square feet and 12 three-bedroom/three-bath units of approximately 1,300-1,350 square feet with a 93-square-foot covered private patio, washer and dryer connections, refrigerated air conditioning, an energy-efficient kitchen and dedicated parking.A comprehensive construction plan package is available, including architectural, civil, structural, mechanical, electrical, plumbing, landscape and irrigation drawings. The seller has prepared preliminary pro forma projects $525,600 in annual gross rent and approximately $349,524 in stabilized NOI, based on 5% vacancy and operating expenses of approximately 30%. All financial figures are projections and should be independently verified by the buyer. Full plans are available. Possible seller financing with acceptable terms.