809 W Van Patten Avenue,Las Cruces, NM 88005
Las Cruces, NM 88005
Description
Eight-unit multifamily investment opportunity with a diverse unit mix and value-add potential. The property consists of six apartment units located at the rear of the site, including five currently leased units and one recently renovated unit that is available for rent. At the front of the property, a detached single-family home and studio provide additional income-producing flexibility.The rear apartment units each offer approximately 600 square feet of living space with 2 bd/ 1 bath corner units and 1 bd/ 1 bath interior units. Ample on-site parking is available for tenants, and the property includes additional outdoor space that could be enhanced to improve tenant enjoyment and overall appeal.With existing rental income, a renovated vacant unit, and opportunities for further improvements, this property presents an attractive option for investors seeking a project with upside potential and multiple revenue streams.
Details
| MLS # | 2601841 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 0 |
| Days On Site | 80 |
| Listing Provided By | BHGRE Steinborn & Associates | Lauren C Lay |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 5,101 |
| Units | 8 |
| Acreage | 0.57 |
Area Information
| State | NM |
|---|---|
| County | Dona Ana |
| City | Las Cruces |
| Zip Code | 88005 |
| Area | Dona Ana |
| Subarea | 119 Alameda |
| Community Name | Palmers Subdivision |
| Listing VS Median (in Palmers Subdivision) | |
Price: $315,000 low | high Med: $139,000 sqft: 5,101 low | high Med: 936 $ / sqft: $62 low | high Med: $149 On site: 80 low | high Med: 25 | |
Market Activity 88005
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Learn More About This Property
| State | NM |
|---|---|
| County | Dona Ana |
| City | Las Cruces |
| Zip Code | 88005 |
| Area | Dona Ana |
| Subarea | 119 Alameda |
| Community Name | Palmers Subdivision |
| Listing VS Median (in Palmers Subdivision) | |
Price: $315,000 low | high Med: $139,000 sqft: 5,101 low | high Med: 936 $ / sqft: $62 low | high Med: $149 On site: 80 low | high Med: 25 | |