Don't miss this rare opportunity to acquire 'The Casitas on Brown,' a unique income-producing property located just a short drive from historic Old Mesilla. Situated on 1.74 acres with unobstructed Organ Mountain views, this property features six remodeled rental units with a proven rental history and a diversified mix of owner-occupied, long-term, short-term. 2 MH's on-sight are just space rent. An investor can step into the right opportunity.The property offers multiple revenue-producing assets along with exceptional amenities, including a private well, EBID water rights, extensive parking, a large barn with covered work area, garden, chicken coop, storage room, and private patios for each unit. The main residence has been thoughtfully divided into two separate units, providing rental flexibility. For an owner-user or future repositioning strategy, the two units could easily be converted back into a single 4-bedroom, 2-bath residence. With multiple rental strategies, substantial acreage, mountain views.
Well to Radium Springs, a small out of the way mobile home park with privacy and space. 6 units are available on this property. Whether you are a novice investor or need another property to add your portfolio, 1124 Fort Selden is the right fit.
Rare find! This duplex features two one-bedroom, one-bathroom units, each updated in recent years with tile flooring throughout, newer cooling systems, and newer appliances. Both units have excellent rental historys. One unit includes an attached sunroom for additional living space, and is wheelchair accessible. A circular driveway provides ample parking and easy access, while the fully fenced corner lot adds privacy and security. Ideal as a full rental or for owner-occupants who want to live in one unit and offset their mortgage with rental income from the other. A unique opportunity with long-term income potential.
Excellent investment opportunity in Las Cruces, NM! This well-maintained fourplex is fully occupied, offering immediate rental income for its next owner. Each of the four units features the same functional floor plan with 2 bedrooms and 2 bathrooms, providing a desirable and consistent layout throughout the property.The units feature a combination of tile, carpet, and laminate flooring, depending on the unit, along with refrigerated air for year-round comfort. The property has been well cared for by the current owner and is situated in a convenient Las Cruces location with easy access to shopping, dining, schools, and other amenities.Whether you're looking to expand an existing real estate portfolio or add your first multifamily investment, this fully occupied fourplex offers a great opportunity with four income-producing units under one roof. Don't miss your chance to add this Las Cruces property to your portfolio!
VERY NICE 4PLEX WITH BRICK EXTERIOR, LOCATED CLOSE TO NMSUPARTIAL REMODEL IN 2025, TO INCLUDE NEW FURNACES, WATER HEATERS, GRANITE COUNTERTOPS, KITCHEN AND BATHROOM CABINETS, TOILETS, HARDWARE, FAUCETS, DOORS, LIGHTING, CEILING FANS, SHEETROCK WORK, ELECTRICAL AND MORE.THREE APTS RENT FOR $985/MO EACHONE APT RENTS FOR $1,075/MOGROSS MONTHLY RENTS OF $4,030WATER AND TRASH INCLUDED WITH RENT. TENANT PAYS ELECTRIC AND GAS.TWO PARKING SPACES CLOSE TO FRONT DOOR FOR EACH UNIT. EACH APT HAS A PATIO AND SMALL YARD WITH ROCK WALL. MANY RESTAURANTS AND BUSINESSES NEARBY. EASY ACCESS TO HIGHWAYS AND ANYWHERE IN BEAUTIFUL LAS CRUCES.
Brand new construction luxury fourplex in the highly desirable Mission Nuevo area, offered at $1,300,000 as a complete package. Perfect turnkey asset with no HOA, ideal for investors or an owner-occupant looking for premium rental income. Sits overlooking Sonoma Ranch Golf Course Hole 11, offering stunning golf course views from balconies.Each of the four identical units boasts 1,742 heated sq ft of premium living space across a spacious two-story layout. Floor plans feature 4 bedrooms, 2.5 bathrooms, and modern gourmet kitchens with brand-new appliances. For maximum comfort and convenience, every unit includes refrigerated air conditioning, indoor washer/dryer hookups, and an attached double-car garage.Each unit is individually metered for utilities. Unbeatable location with zero deferred maintenance, brand-new builder warranties, and close proximity to premier shopping, top-tier schools, and recreation. High-demand floor plans ensure low vacancy rates. Schedule your tour today!
Investor opportunity in the heart of Las Cruces! Situated on a large corner lot, this unique property offers multiple living spaces and income potential. The main adobe residence features approximately 2,234 square feet 3-bedroom, office or bedroom suite, 2-bath, including a separate 1-bedroom, 1-bath living area with private entrance. A detached secondary residence offers approximately 754 square feet with 2 bedrooms and 1 bath.
Amazing Investment Opportunity!! Each New Construction Unit comes with 3 bedrooms & 2.5 bathrooms. Convenient double car garage for each unit & minutes away from Sonoma Golf Course & Lohman. Thoughtfully crafted with quality at the focus, this a unique opportunity to add to an investment portfolio.
Two separate parcels with zero lot line create this 1971 duplex opportunity at 1029 & 1031 N Melendres.1029 N Melendres offers 851 sq ft with 3 bedrooms and 2 bathrooms plus a carport.1031 N Melendres provides 690 sq ft with 2 bedrooms and 1 bathroom.Both units feature evaporative coolers. Total combined living space is 1,541 sq ft. Ideal for owner-occupant or investor seeking rental income in a convenient location.
Two charming homes in the original Mesquite Historic District offer a rare opportunity minutes from Downtown, the Farmers Market, Branigan Library, and City Hall. 306 San Pedro is now vacant but was rented for $1,125 and tenant maintained yard. This unit features 1,050 sq ft with 1 bedroom, 1 bath, bonus room, and separate laundry or office. High ceilings, newer cabinetry, electric stove, dishwasher, refrigerator, and newer vinyl flooring. 330 Bowman is currently rented for $850 and offers 672 sq ft with 2 bedrooms, 1 bath, tile floors, walk in shower, new countertop, fenced yard, and 5 year old under counter washer. Property features natural gas service, furnaces in all rooms, exterior security lighting, exterior paint completed 1 year ago, and new living and dining room windows installed about 3 years ago. Shared detached storage with separate spaces. Great investment potential, or live in one and use the other to offset rent!
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.
