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2530 S Espina Street

Las Cruces, NM 88001
  • $1,595,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 2203463
UPDATED: 13 min ago
$1,595,000
  • 7
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,276
    SQFT
  • $487
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

Exceptional location one long block to main NMSU campus with easy access to great area dining, entertaining, cafes, and breweries. Sited on nearly 1.5 acres, this classic compound offers amazing outdoor living areas, plenty of parking, and loads of potential. Each unit offers its own unique features, smart storage options, and classic character while maximizing cubic footage and the right updates for resident comfort. Loft style storage and sleeping areas allow each unit to live 50% bigger. Resident quality of life is amplified by extensive outdoor landscaped common areas, gardens spaces, and multiple secure resident storage and bike storage rooms.Hardwood floors, big windows, casework, plaster, and vintage fixtures throughout add to an overall historic charm that make these units as easy to rent as any we've seen.Measures of investment performance at list price of $1,595,000 and with average rent of $627 include GRM of 10.10, Before Reserves Cap rate of 6.33% and after tax IRR of 14.10%.

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© 2023 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: 2023-02-01T21:14:32.6.
www.buycruceshomes.com/homes/135281710
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2530 S Espina Street Las Cruces, NM 88001

  • Price: $1,595,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 13 min ago
  • MLS #: 2203463
7
Beds
0
Baths
0
½ Baths
0.49
Acres
3,276
SQFT
$487
$/SQFT
1910
Built
Neighborhood:
Lesters Addition
County:
Dona Ana
Area:
331 - Univ. Hills
Property Description
Exceptional location one long block to main NMSU campus with easy access to great area dining, entertaining, cafes, and breweries. Sited on nearly 1.5 acres, this classic compound offers amazing outdoor living areas, plenty of parking, and loads of potential. Each unit offers its own unique features, smart storage options, and classic character while maximizing cubic footage and the right updates for resident comfort. Loft style storage and sleeping areas allow each unit to live 50% bigger. Resident quality of life is amplified by extensive outdoor landscaped common areas, gardens spaces, and multiple secure resident storage and bike storage rooms.Hardwood floors, big windows, casework, plaster, and vintage fixtures throughout add to an overall historic charm that make these units as easy to rent as any we've seen.Measures of investment performance at list price of $1,595,000 and with average rent of $627 include GRM of 10.10, Before Reserves Cap rate of 6.33% and after tax IRR of 14.10%.
Exterior Features

Construction Frame Parking Capacity 21.00 Parking Type Off-Site Park

Interior Features

Cooling Evaporative Central Flooring Foundation Ceramic TileVinylWood Heating Active Solar

Property Features

Display On Public Websites YN Yes Green Certified YN No Hoa YN No New Vs Resale Resale Owner Financing YN No Property Sub Type Apartment Building Util Serv Included In Rent Trash CollectionWater

Listing provided courtesy of David Clarke of Nm Apartment Advisors Inc.: (505) 440-8663. All listing information was provided by Southern New Mexico Multiple Listing Service.


© 2023 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: 2023-02-01T21:14:32.6.
 
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3780 Foothills Road
Las Cruces NM, 88011