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1400 S Espina Street

Las Cruces, NM 88001
  • $3,280,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 2400882
$3,280,000
  • 28
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

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.

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© 2024 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Las Cruces Real Estate Professionals | Keller Williams Las Cruces. Data last updated: 2024-04-21T16:42:02.817.
www.buycruceshomes.com/homes/148945469
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1400 S Espina Street Las Cruces, NM 88001

  • Price: $3,280,000
  • Status: Active
  • On Site: 24 Days
  • MLS #: 2400882
28
Beds
0
Baths
0
½ Baths
0.95
Acres
1972
Built
Neighborhood:
College Subdivision
County:
Dona Ana
Area:
328 - Valley View
Property Description
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.
Exterior Features

Construction Materials Block Parking Capacity 27.00 Parking Features Paved Area Roof CompositionPitchedShingle

Interior Features

Appliances Range/OvenRefrigerator Building Area Total 10389 Cooling Evaporative Central Flooring Foundation CarpetingCeramic TileSlab Heating ElectricGas

Property Features

Association YN No Compensation Buyer Agency 2.5 Compensation Disclaimer The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Fencing Chain Link Green Certified No Included In Rent SewerTrash CollectionWater Listing Terms CashConventionalOwner CarryVA Lot Size Dimensions .76 to 1 AC Miscellaneous Individual Heat & AirIndividual Water HeaterMeters Separate New Vs Resale Resale Property Condition Good to Excellent Property Sub Type Apartment Complex Sewer City Sewer Tax Legal Description See Property Record Cards Uploaded to Associated Docs Unit Features CarpetsFenced AreaPrivate BathPrivate Outside EntryTileUF Apply to SomeWasher/Dryer Hook-Ups Water Source City

Listing provided courtesy of Gary A Sandler of Gary Sandler Inc., Realtors: (575) 525-2400. All listing information was provided by Southern New Mexico Multiple Listing Service.


© 2024 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Las Cruces Real Estate Professionals | Keller Williams Las Cruces. Data last updated: 2024-04-21T16:42:02.817.
 
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Las Cruces Real Estate Professionals | Keller Williams Las Cruces
3780 Foothills Road
Las Cruces NM, 88011