$695,237 Price Analysis   ♡   Las Cruces, NM 88001 7 bed 4 bath 3,725 SqFt ($186/SqFt) 0.36 acre lot. Built 1958 Listed 2024-06-24 | Ⓧ USDA Ineligible due to location near Las Cruces |
Comprised of 2 buildings in which on 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 valu e-add possibilities.
Refrigerated air upgrades, fencing in yards, completing window replacements and adding storage sheds are 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
Presented by Todd Clarke at
Nm Apartment Advisors, Inc.
Property MLS #1065708 from SouthwestMLS
Full Bathrooms: 4
Heating Features: WallFurnace
Heating: Yes
Lot Dimensions Source: PublicRecords
Lot Size Acres: 0.3600092
Lot Size Source: PublicRecords
Lot Size Square Feet: 15682
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Source Listing Status: Active
County: Dona Ana
Directions: From Virigina and Organ north Augstine, west on Augustine to property.
Source Property Type: ResidentialIncome
Source Neighborhood: Cox's third subdivision
Parcel Number: 4007134441493
Postal City: Las Cruces
Subdivision: Cox's third subdivision
Zoning Description: R-2
Property Subtype: MultiFamily
Source System Name: C2C
$695,237
SouthwestMLS
Year Built: 1958
Building Area Total: 3725
Construction Materials: Block, Frame, Stucco
Levels: One
Property Age: 66
Property Condition: Resale
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Assessor
NaturalGasConnected
SewerConnected
WaterConnected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.