Discover an incredible investment opportunity with this unique multi-unit property that includes a duplex and four additional small homes, all ready to generate consistent rental income. This versatile property offers six rental units in total, making it the perfect choice for savvy investors or anyone looking to expand their rental portfolio.
Discover a prime investment opportunity with this charming tri-plex, offering three spacious units, each featuring two bedrooms and two bathrooms. Together, the property encompasses 2,434 square feet of comfortable living space, with each unit boasting its own courtyard and fenced backyard for added enjoyment. Cozy wood-burning fireplaces provide a welcoming ambiance, while refrigerated air ensures year-round comfort. Recently upgraded heat pumps, installed approximately two years ago, add to the efficiency of each residence. Tenants are responsible for all utilities, creating an ideal setup for steady income. Plus, the exterior is set to be repainted, enhancing curb appeal and value. This is a rare gem you won't want to miss!
DOWNTOWN LAS CRUCES INVESTMENT OPPORTUNITY. This charming adobe-built renovation is located in the Mesquite Historic District within 10 blocks of the Las Cruces Farmers Market. This property consists of two units. Unit A is 1092 square feet, 2 bedrooms, .75 bathroom. Unit B is 1122 square feet, 1 bedroom, PLUS a super cute loft space, and a .75 bathroom. Both units have stackable washer/dryer hookups. Both units are all-tile and some vinyl flooring in unit B. New exterior elastomeric paint was completed October 2024. Centrally located near shopping, live theatre, restaurants, coffee shops, pubs, all that vibrant downtown Las Cruces has to offer.
This duplex property offers incredible potential for investors or homeowners looking to add an asset to their portfolio. Located in the heart of Downtown Las Cruces, the property features two separate units:Main Unit (3 Bed / 2 Bath): This unit includes refrigerated air for year-round comfort. It's perfect for an owner-occupant or as a rental property.Second Unit (1 Bed / 1 Bath): Includes a kitchen and living room but requires some work to unlock its full potential. The second unit is equipped with evaporative cooling.Key property features include a new roof installed last year, security fencing around both the front and back yards, and back alley access for convenience. Whether you're looking to renovate and rent both units, live in one and rent the other, or explore other options, this property is full of possibilities. With Downtown Las Cruces' growing rental demand, this is an opportunity you don't want to miss.
Discover a unique multi-unit property with three separate residences, perfect for multi-generational living, rental income, or a versatile investment opportunity. The main home is an adobe house with a charming stone facade, featuring 3 bedrooms, 2 bathrooms, an office, and a second living room--blending modern comfort with timeless character. The second unit is a classic adobe home with 2 bedrooms and 1 bath, offering cozy appeal. Completing the trio is a 336 sq. ft. Studio unit in the back, adding even more flexibility to this .34-acre property. With R2 multi-family zoning and a zoning overlay of SMAZD, there is potential to build additional units (buyer to verify with the City of Las Cruces zoning). Originally built in 1930, this property is a rare find that merges historic charm with modern possibilities.
Looking for a great investment opportunity? This duplex offers two 1-bedroom, 1-bath units, each with a fenced yard for added privacy. With a total of 1,064 sq ft on a .155-acre lot, it provides the perfect setup. Currently generating a gross monthly rent of $1,200, this property has steady income potential. The units are being sold As-Is, making it a great chance for a buyer looking to add value with a little TLC. Whether you're a seasoned investor or just starting, this duplex is a smart investment opportunity. Don't miss out!
This stunning 6-plex, nicknamed ''The Tall Pines'', due to the remarkable large pine trees that encapsulate this property, is a must see. Designed in a horseshoe/U pattern, it allows for a shared common area which residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho and Boutz, this revitalized 6-unit property is just 1 mile from NMSU and 2 miles from downtown, offering ease of travel for anyone attending NMSU or someone wanting to take advantage of the amazing eateries and breweries located downtown. Measures of investment performance at list price of $671,260 and with average rent of $787 include GRM of 11.85, Before Reserves Cap rate of 5.70% and after tax IRR of 10.50%.
Welcome to this fantastic investment property! Featuring two units, each with 3 bedrooms and 2 baths, this property offers the perfect blend of comfort and opportunity. Highlights include:Spacious Open Floor Plans with all ceramic floor title: Enjoy the flexibility and modern feel of open living areas.Refrigerator Air: Stay cool and comfortable with efficient air conditioning.Income Potential: Live in one unit and rent out the other to offset your mortgage or generate extra income.This is an ideal choice for homeowners and investors alike. Don't miss the chance to own this versatile property!
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
With 13 ground floor apartments with plenty of private parking right near each apartment's front door, residents love the added privacy and security of patio home style living as much as they love the unique amenities and recent upgrades each unit offers. The current owners have completed significant renovations and updates, including a new electrical service for 7 apartments. There are also multiple HVAC upgrades, including 3 new package units on 3 brand new 1 bedroom / 1 bath apartments. More than 1/2 the apartments have been renovated in the last 2 years, offering the next owner a clear pathway to easy further value add measures or a stabilized and well-maintained core asset. Equally, several significant but optional value add opportunities remain for the next owner, includi
Fantastic Investment Opportunity! There are 3 total units, a single family detached home plus a duplex. You can live in the main home and rent the others or rent them all.... The main home has been updated/remodeled w/ new flooring, fresh paint, new countertops in the kitchen. New electrical boxes for all units. Roof replaced on main house in the last 7 years. All properties are well maintained. Built in renters in duplex if interested. The main home offers 2 bedrooms or turn the room w/ the fireplace into a 3rd. 2 bathrooms plus a laundry room. Established area conveniently located in the middle of town.
Rare opportunity to own such a well-located and unique apartment compound so close to NMSU. 13 ground floor apartments with plenty of individual parking right near each unit's front door, residents love the added privacy and security of patio home style living.More than 1/2 the apartments have been renovated in the last 2 years, offering the next owner a clear pathway to easy further value add measures or a stabilized and well-maintained core asset. Equally, several significant but optional value add opportunities remain for the next owner, including creating additional common area amenities, adding a casita-style unit to the compound, updating each unit with additional amenities, or renovating the 3 bedroom 2 bathroom main house for optimal performance.
This updated two story 8-plex is a must see!! Situated off one of Las Cruces' busiest streets, Missouri Ave., it offers seven nicely situated, 1-bed & 1-bath, units at approximately 483 sq/ft and 1 unit being approximately 823 sq/ft. Half of the units are located downstairs and the other half upstairs. The larger unit, #1, also has a 2-car garage that accompanies it that can be kept as a garage space for this unit or turned into individual storage rooms, a laundry room, or even another unit. This larger unit also boasts a private cedar fenced in yard in the rear, making it a perfect space for grilling, relaxing, or letting pets run around in. Measures of investment performance at list price of $737,114 and with average rent of $751 include GRM of 10.22, Cap rate of 6.24%.
Duplex located in Las Cruces! Consisting of a 2bd/1ba and a 2bd/2ba both approximately 1,100 sqft. This charming duplex offers a fantastic opportunity for both investors and homeowners alike. Situated in a desirable neighborhood, this property boasts very spacious units with covered parking!
CALLING ALL INVESTORS! A rare opportunity presents itself in Las Cruces, New Mexico with this masterpiece of a design. Each of the 4 units are two-story with approximately 1700 sq. ft. of living space. Each unit features 3 bedrooms, 2.5 bathrooms, double car garage, with small yard. All units are tiled throughout! Kitchen to each unit comes equipped with stainless steel appliances. Sits comfortably in The Pines subdivision. Located close to schools, shopping, restaurants, highway access! Owner/Broker
This eight-unit multifamily property is a prime investment opportunity, boasting five fully renovated units with modern upgrades and amenities. The renovations include brand new kitchens and bathrooms, interior and exterior paint, redesigned bathrooms for improved functionality, new tile floors, fixtures, cabinets, refrigerators, ranges, kitchen sinks, countertops, plumbing, interior and exterior doors, electric wall heaters, ceiling fans, blinds, and more. Additionally, all units feature new metal roofs, windows, security doors, seven new AC units, improved road and parking areas, and additional parking spaces. The property is further enhanced by a 6-foot solid metal fence surrounding the entire premises, providing added security for tenants. With these recent improvements and upgrades, this multifamily property has so much to offer. Investing in multifamily properties like this one can be a lucrative endeavor for several reasons. Firstly, owning multiple units in one property provides diversification
Seize this excellent opportunity for your business in the highly sought-after University District. This prime location is within a short distance to restaurants, coffee shops, and the University. Offering convenience and vibrant surroundings. Set on a .53-acre lot, complete with parking area. The main building/home spans 1,944 square feet, additionally there is a detached duplex perfect for offices. Enjoy a well-maintained yard and common area, ideal for outdoor activities or relaxation. There are many diverse potential uses for this property such as offices, live/work unit, restaurant, art gallery, photography studio, fraternity/sorority house, and more. Don't miss out on this versatile and beautiful property. Schedule a viewing today to explore all the possibilities for your business! Duplicate Listing, MLS# 2401787
Located near Old Mesilla, this .86 acre property offers endless possibilities with its 3 structures: a primary home, another home, & a studio/workshop. Whether you choose to rent out all 3 structures, live in 1 and rent out the others, or create a main house, guest house, and studio, there are numerous ways to utilize this property. Current owners use 1 house as their residence, rent out the fully furnished second home as a short-term rental (furniture included in sale), and utilize the studio/workshop as an art studio. Property features solar, city water, septic, zia gas, and an irrigation well. Upgrades such as granite countertops, wood floors, and refrigerated air can be found throughout the structures, which are meticulously maintained. The grounds are equally stunning, w/ a beautiful enclosed courtyard, raised garden area, mature greenery, & a grow room for year-round vegetable cultivation. *Duplicate listing of Residential Active MLS#: 2401558
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
This strikingly revitalized one structure complex is a must see! Comprised of 2, 2/2's, 11, 1/1's, and 1 studio, allows for a diverse household makeup. Keeping the original name of The Casa Blanca Adobe Apartments, you get the keen sense of an adobe style structure with modern amenities and upgrades. Located just .3 miles from NMSU with a short 3-minute drive or 11-minute walk making it easy to get to class, tour the campus, fish at the Aggie duck pond, or grab a bite to eat at the Corbett Center Student Union. The revitalizing component spans from top to bottom. A new roof in 2023 with 12 new master cool units, full exterior two-color elastomeric paint, updated wood fencing, landscaping rock in front, updated exterior lighting with plenty of additional exterior lighting
This strikingly revitalized one structure complex is a must see! Comprised of 2, 2/1's, 11, 1/1's, and 1 studio, allows for a diverse household makeup. Keeping the original name of The Casa Blanca Adobe Apartments, you get the keen sense of an adobe style structure with modern amenities and upgrades. Located just .3 miles from NMSU with a short 3-minute drive or 11-minute walk making it easy to get to class, tour the campus, fish at the Aggie duck pond, or grab a bite to eat at the Corbett Center Student Union. The revitalizing component spans from top to bottom. A new roof in 2023 with 12 new master cool units, full exterior two-color elastomeric paint, updated wood fencing, landscaping rock in front, updated exterior lighting with plenty of additional exterior lighting provided by El Paso Electric, more than enough on-site and street parking, and new signage bringing the exterior upgrades all together.Interior upgrades take this 65-year-old property from old to new as soon as you
Looking for a moneymaker with room to increase rents and income? This 18-unit complex near New Mexico State University may be the one! The property consists of 10 two bedroom and 8 one bedroom units situated in 6 buildings with individual washer & dryer hookups, heat, air & utilities. Current rents are below HUD Fair Market Rents in the 88001 zip code, which are $890 per month for 1 Brs and $1,000 for 2 Brs, If that's not enticing enough, the owner will finance the purchase. This is a terrific opportunity.
MULTI-FAMILY INVESTMENT...In close proximity to New Mexico State University, this property offers a lucrative investment opportunity with a proven track record of rental success. The demand for quality rental units in the university area ensures a steady and reliable income stream.7% cap rate. $125,000 price per unit. Staircase redone (steel plate) and new swamp coolers 2023.
Investors!!!! Take advantage of a secure investment opportunity with this beautifully maintained and well cared for mobile home park. The Park sits on 1.19 acres and has 8 mobile homes. The park's water is supplied by domestic well and is metered. There is 3 septic systems on the property which the Seller pays to maintain. Currently the Seller pays for water and sanitation. Current Gross Income for the park is $8195 a month.
This value-add opportunity is a core asset in that its 100% occupied and has had recent renovations, but could also be a value add in branding, signage and bringing the current rents that are 12% below market to market. Located in New Mexico's 2nd largest city, Las Cruces which is home to NM State University and its ~11,000 students this property is well situated close to campus and not too far away from the recently announced $75M movie studio (www.nmapartment.com/lcstudio). Las Cruces is also the Chile Capitol, is known for its pecan orchards and is the closest major city to Spaceport New Mexico, home of Virgin Galatic operations.These eight units are situated on two parcels and the owner is willing to sell the fourplexes individually at the following prices:2210 - $465,354 - 5.35% cap rate - $116,339 per unit - $155.12/sf2220 - $433,535 -5.33% cap rate - $108,886 per unit - $145.18/sfThe owner has recently spent $50,000 in upgrades and renovations.
Investors!!!! Take advantage of a secure investment opportunity with this beautifully maintained and well cared for mobile home park. The Park sits on 1.19 acres and has 7 mobile homes and 1 vacant lot space. The park's water is supplied by domestic well and is metered. There is 3 septic systems on the property which the Seller pays to maintain. Currently the Seller pays for water and sanitation. Gross Income for the park is $5,175 a month.
Las Cruces is located in New Mexico. Las Cruces, New Mexico has a population of 109,934. Las Cruces is less family-centric than the surrounding county with 26.5% of the households containing married families with children. The county average for households married with children is 27.08%.
The median household income in Las Cruces, New Mexico is $47,722. The median household income for the surrounding county is $47,151 compared to the national median of $69,021. The median age of people living in Las Cruces is 32.7 years.
The average high temperature in July is 94.7 degrees, with an average low temperature in January of 27.1 degrees. The average rainfall is approximately 10 inches per year, with 2.2 inches of snow per year.
