1317 South Solano Dr
An eight-unit mixed-use property in Las Cruces with 7 residential units and 1 retail unit, totaling over 3,800 sq ft on a 0.44-acre lot. Fully renovated after being acquired in distressed condition, it is zoned C-2 and sits in the College Subdivision near local schools, with a walk score of 75 and proximity to New Mexico State University.
Bedrooms
9
Bathrooms
7
Size
4208 sq ft
Year Built
2024
Projected value
The offering costs $1,216,486.40 in total. The property itself is $756,000.00, so 60.9% of the total sits on top of the purchase price in reserves, costs and fees. Investors put in $761,450.00 and a $455,036.40 loan covers the rest.
- Purchase price62.1%$756,000.00
- Closing and offering costs0.4%$4,800.00
- Other37.5%$455,686.40
Figures as published by the platform at listing. Reserves are held for the property and stay inside the deal, closing costs and the platform fee do not.
Total Tokens
15,229
Token Price
$21.03
Tokens Available
214
Minimum Investment
$21.03
Token Holders
320
Platform Fee
N/A
Management Fee
N/A
Leverage
60% debt
Blockchain Network
Algorand
Token Symbol
LFTY0420
Property Type
Commercial
Bedrooms
9
Bathrooms
7
Size
4208 sq ft
Year Built
2024
Condition
N/A
