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%
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%.
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
This newly renovated corner lot duplex offers exceptional income potential and a prime location. Features two updated units with modern amenities and spacious living areas. The unit on the Luna Street side includes 3 bedrooms, 1 (3/4) bath, & approximately 1,080 sqft of living space. Both units boasts new carpet, tile, paint, and a contemporary kitchen with granite counters, new cabinets, tile floors, and LED lighting. The dining area seamlessly integrates with the kitchen in an open-concept design. Similarly, the unit on the Calle Feliz side has 3 bedrooms, 2 (3/4) baths, and around 1,084 sqft of living space. Both units benefit from mini-split systems for efficient climate control and completely remodeled bathrooms with tile throughout. The property is conveniently located near New Mexico State University, shopping, restaurants, and medical facilities. Off-street parking, closed outdoor areas, ideal for a large family or for those who wish to keep loved ones nearby while maintaining separate living spaces
Comprised of 2 buildings in which one is a triplex and the other a quadplex, each building boasts reconditioned and updated units. Some of these updates in varying units include flooring, HVAC, appliances, water heaters, electrical upgrades, countertops, fixtures, and fresh exterior and interior paint. The Owner has left ample opportunity for value-add possibilities. Refrigerated air upgrades, fencing in yards, completing window replacements, and adding storage sheds are just a few of these opportunities. Take advantage of the opportunity to own this updated multi-unit complex with value-add potential that is centrally located in a town with an approximate housing shortage of 5,600 units. Measures of investment performance at list price of $695,237 and with average rent
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
Discover a unique investment opportunity with this charming triplex near New Mexico State University. This triplex is nestled in a sought-after High Density Residential (D3) zoning area, which offers incredible potential for investors and homeowners alike. The D3 zoning allows for future development possibilities, ensuring a long-term investment. Current occupants have been there for 10+ years and pay gas/electric.Whether you're looking to add a profitable property to your portfolio or seeking a home with rental income potential, this 1950 triplex is a must-see. Schedule a showing today and imagine the possibilities this charming property has to offer.
Historic Charm Meets Modern Convenience-Unique Property -Endless Possibilities. Perfect blend of history & modernity, original home built in 1920, exuding old-world charm-vibrant colors, & superb curb appeal. Located on 1.3 acres with pecan & fruit trees, includes EBID & water rights. Main house & additional units offer approx 4,192 sqft featuring 7 bedrooms, 6 baths, a welcoming entry, spacious living areas, a sunroom, & a large storage/office room. Enjoy the beautiful outdoor courtyard, perfect for relaxing & entertaining. Attached casita includes 1 bed/1 bath with a kitchen/dining/living space & stackable washer/dryer. Detached apartment come with 1 bed/1 bath, kitchen/dining/living space. Modern updates to the main home-custom Alder wood cabinets, new HVAC condenser/coil, 14 solar panels & updated windows to enhance energy efficiency. Commercial zoning offers excellent income potential. Don't miss this opportunity to own a well-maintained home that seamlessly combines historic allure w/modern amenities.
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
Experience Luxury Living in a Modern Shipping Container Duplex. Step into a new era of urban living with our innovative 1-bedroom apartment duplex, meticulously crafted from four 40-foot shipping containers and enhanced with a stylish wood frame. Each unit in this duplex combines contemporary design and functionality to offer an unparalleled living experience. This shipping container duplex is more than just a residence; it's a lifestyle statement. Offering a unique and affordable entry into luxurious urban living, each unit provides exceptional value without compromising on quality or style. The spacious living area flows seamlessly into a comfortable bedroom, ensuring privacy and relaxation. Embrace a new standard of urban living today
Discover Modern Elegance in a Shipping Container Duplex. Welcome to the future of urban living with our cutting-edge shipping container studio duplex. Each unit in this 40-foot shipping container and wood frame masterpiece is designed to offer the perfect blend of modern aesthetics and functionality. Crafted from repurposed shipping containers, these duplex champions modern living without sacrificing style. The industrial-chic exterior, accented with a warm wooden frame, creates a striking yet inviting look that sets a new standard in contemporary design. Each studio unit features an open-plan layout that maximizes space and light. Expansive windows and glass doors flood the interior with natural light, creating an uplifting atmosphere. Experience the perfect fusion of modern design and practical living in our shipping container studio duplex. Make your move today and redefine urban living.
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!
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 wonderfully updated duplex offers comfortable living and is conveniently situated in the bustling center of Las Cruces. It's just a short stroll away from the farmers market, entertainment venues, and dining options. One unit features 2 bedrooms and 1 bathroom, while the other boasts 2 bedrooms and 2 bathrooms. Both units showcase lovely wood flooring in the main areas, with ceramic tile in all bathrooms. Enjoy the convenience of refrigerated air, washer and dryer facilities, a tankless water heater, gas stove, microwave, and stylish Formica countertops in both kitchens and bathrooms. Additionally, the property is fully landscaped for a beautiful outdoor environment. Each unit is separately metered for utilities, ensuring efficient management.
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.
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%.
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 101,014. Las Cruces is less family-centric than the surrounding county with 27.9% of the households containing married families with children. The county average for households married with children is 31.25%.
The median household income in Las Cruces, New Mexico is $40,924. The median household income for the surrounding county is $39,114 compared to the national median of $57,652. The median age of people living in Las Cruces is 32.6 years.
The average high temperature in July is 94.8 degrees, with an average low temperature in January of 27.7 degrees. The average rainfall is approximately 10.6 inches per year, with 2.6 inches of snow per year.