Listed by NAI Sun Vista
$450,000
Eastern New Mexico University 6-Plex
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 6,300
Units 6
Cap Rate 6.84%
NOI $30,764
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 7.18%
Pro-Forma NOI $32,301
Price per SqFt $71
Class C
Year Built 1977
Year Renovated 2021
Buildings 3
Acreage 0.480
Investment Type Stabilized
Strong Historical Student Occupancy
Marketing description
- Offered at an asking price of $450,000, the property generates a compelling 6.84% cap rate, providing investors with immediate cash flow and long-term upside potential. Fully remodeled within the last five years, this six-unit property consists of three duplexes situated on a single lot and is 100% occupied as of July 2026. Featuring all 2-bedroom, 1-bathroom units, the property benefits from strong historical occupancy driven by its location less than a half-mile from Eastern New Mexico University, making it an attractive and proven student housing investment.
Investment highlights
- 450,000
- ($75,000/Unit)
- Acquisition Cap Rate: 6.84%
- 100% Occupied as of July 2026
- Strong Historical Student Occupancy
- All 2-Bedroom 1-Bath units
- Less than 1/2 mile from ENMU Campus
- Complete Remodel as of the last 5 years
- Three duplexes on one lot
- Each unit has a designated Carport
Listing Contacts
Listed by NAI Sun Vista
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,764.00
$2,563.67/mo
Valuation Metrics
0
DSCR
6.84%
Cap Rate
6.84%
ROI
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