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 6.77%
NOI $30,486
Occupancy 100%
Pro-Forma Cap Rate 7.26%
Pro-Forma NOI $32,682
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
Acquisition Cap Rate: 6.77%
100% Occupied as of February 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
Investment highlights
Price/Unit - $75,000
Acquisition Cap Rate: 6.77%
In-place rents roughly 9% below market
Pro Forma Cap Rate: 7.26%
Listing Contacts
Listed by NAI Sun Vista
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,486.00
$2,540.50/mo
Valuation Metrics
0
DSCR
6.77%
Cap Rate
6.77%
ROI
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