Las Cruces NM Multi Family for Sale

ADDITIONAL INFORMATION

Calling all investors, this property is full of potential!! Newly updated in 2023. This fully occupied property sits on over 1/3 of an acre and has 3 dwellings on property. Come check it before its too late!!

ADDITIONAL INFORMATION

Discover the perfect multi-generational home or an excellent opportunity to generate rental income! This unique property features two separate living areas, each with its own entrance, kitchen setup, living room and bathroom, providing both flexibility and convenience. Recently remodeled, this home boasts modern finishes and updated amenities, including refrigerated central air and heating for year-round comfort. Positioned on a desirable corner lot, the home enjoys added space and versatility. Ideal for individuals seeking a shared living arrangement or for homeowners looking to offset mortgage costs, this property offers the comfort and independence of two distinct living spaces in one home. Disclaimer: Virtual Staging Please note that some images in this listing have been virtually staged to help illustrate the property's potential. The furniture and decor shown in these photos are digitally rendered and do not reflect the actual condition of the property.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

This unique property offers endless possibilities for investors or multi-generational living. Zoned R3, it allows for high-density residential and some commercial uses, making it a flexible investment opportunity. The 3,303 sq. ft. duplex features a 3-bedroom, 2-bathroom main house and a 2-bedroom, 1-bathroom secondary unit, ideal for rental income or extended family accommodations. The property includes a commercial-grade kitchen, handicap-accessible features, and a commercial fire sprinkler system, ensuring safety and convenience. Located in the highly sought-after Collins-Park neighborhood, it is just a short distance from the revitalized downtown area, offering a vibrant mix of restaurants, entertainment, boutique shopping, and the popular farmers market. With easy highway access and proximity to major employers, this centrally located property is a rare find. Don't miss out on this exceptional opportunity--schedule your tour today!

ADDITIONAL INFORMATION

Step into a masterpiece of creativity and functionality with this extraordinary duplex crafted from repurposed shipping containers. Situated on a serene, tree-filled lot, this property offers a peaceful retreat while embracing contemporary design and artistic charm. Each unit features updated finishes, including sleek cabinetry, and vibrant accents that make the space uniquely inviting. Oversized windows provide stunning views of the natural surroundings, while flooding the interiors with warm, natural light. Open-concept layouts and thoughtfully designed spaces make each unit perfect for modern living or renting out. The lot itself is a showstopper, with mature trees providing shade, privacy, and a tranquil ambiance. There's plenty of outdoor space for relaxation, gardening, or creative landscaping projects. Perfect for investors, nature lovers, or anyone seeking a unique property with income potential, this duplex offers the best of both worlds--stylish, modern living in a peaceful, setting.

ADDITIONAL INFORMATION

Discover a one-of-a-kind living opportunity in this stunning duplex constructed from repurposed shipping containers. Nestled on a spacious 1/4-acre lot, this property offers a perfect blend of industrial charm and modern sophistication. Each unit boasts updated finishes, including sleek countertops, polished concrete floors, and custom light fixtures that exude an artistic vibe. Large windows flood the spaces with natural light, while the open-concept layout creates an airy and inviting atmosphere. The exterior is just as impressive, featuring vibrant, artistic accents that make the property a true standout. Enjoy the outdoor space with ample room for gardening, entertaining, or simply relaxing under the New Mexico skies. Whether you're looking for an investment property, a creative live/work space, or a home with rental income potential, this duplex delivers style and functionality in equal measure.

ADDITIONAL INFORMATION

Two Unique Homes in the Heart of Historic Mesquite!Discover this rare opportunity in the Original Mesquite Township Historic District--a charming property featuring two well-maintained homes with endless possibilities! Whether you're looking to live in one and rent the other, start an Airbnb, or bring extended family, this property delivers flexibility, comfort, and character. The front yard has been newly landscaped with a irrigation system.306 San Pedro 1,050 sqft, 1bedroom, 1 bath with a bonus room and laundry/office spaceHigh ceilings in the living and dining roomsUpgraded kitchen with newer cabinets, electric stove, dishwasher, and refrigeratorUpdated electricalNewer remodeled bathOff street parking for two vehicles330 Bowman 672 sq. ft.2 bedrooms, 1 bath with a walk-in shower. Stylish newer kitchen countertopsTile flooring throughout and laundry connectionsfenced backyard

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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!

ADDITIONAL INFORMATION

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%.

ADDITIONAL INFORMATION

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 $687114 and with average rent of $751 include GRM of 9.53, Cap rate of 6.44%

ADDITIONAL INFORMATION

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 $687,414 and with average rent of $751 include GRM of 9.53, Cap rate of 6.70% and after tax IRR of 14.90%..

ADDITIONAL INFORMATION

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

ADDITIONAL INFORMATION

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

ADDITIONAL INFORMATION

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

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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%.

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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.