$1,399,890
1.01 Acre Lot
Visits : 17 In 80 Days

2250 Locust Street, Las Cruces, New Mexico 88001

  • Residential Income Property Type
  • 80 Days on Market
Property Description

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.

Details
$1,399,890
Residential Income
1.01 Acre
Active
43,942 Sqft
1.01 to 1.5 AC
Apartment Complex
Property Mgt & Investments of NM
Marvid Charlson
(575) 652-4043
Features
: Heat Pump, Gas, Electric, Baseboard
: Refrigerated Central, Evaporative Central, Heat Pump
: Metal, Pitched, Flat, Foam
Address Information
2250
Locust
Street
US
NM
Dona Ana
Las Cruces
College Heights
88001
W107° 15' 0.9''
N32° 17' 23.4''
Additional Property Details
: Frame, Stucco, Block
: City
: City Sewer
No
1
Block,Chain Link
Carport,Paved Area
Agent info
Mesa Flats Realty
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Contact Agent
Contact Us
info@mesaflatsrealty.com 575-224-2295