Las Cruces NM Multi Family for Sale

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

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.

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 $737,114 and with average rent of $751 include GRM of 10.22, Cap rate of 6.24%

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 $737,114 and with average rent of $751 include GRM of 10.22, Cap rate of 6.24%.

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

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

ADDITIONAL INFORMATION

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

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

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.

ADDITIONAL INFORMATION

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

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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

ADDITIONAL INFORMATION

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.

ADDITIONAL INFORMATION

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

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

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.