809 W Van Patten AVE, Las Cruces, NM 88005
809 W Van Patten AVE, Las Cruces, NM 88005
809 W Van Patten AVE, Las Cruces, NM 88005
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$315,000
Est. payment /mo
5 Beds
8 Baths
5,101 SqFt
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Key Details

Property Type Condo

Sub Type Apartment Complex

Listing Status Pending

Purchase Type For Sale

Square Footage 5,101 sqft

Price per Sqft $61

Subdivision Palmers Subdivision

MLS Listing ID 2601841

Bedrooms 5

Lot Size 0.570 Acres

Acres 0.57

Lot Dimensions .25 to .50 AC

Property Sub-Type Apartment Complex

Source lascruces

Property 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.

Location

State NM

County Dona Ana

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Fireplace N

Appliance Range, Refrigerator

Exterior

Parking Features Paved Area

Fence Block

Roof Type Flat,Minimum Pitch,Pitched

Building

Foundation Dirt, Slab

Sewer Public Sewer

Water Public

Structure Type Adobe,Stucco,Block

Others

Acceptable Financing Conventional

Listing Terms Conventional


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Listed by BHGRE Steinborn & Associates

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Sydney Melendez

Sydney Melendez

+1(575) 635-7724

Broker Associate | REC-2023-1043

Broker Associate REC-2023-1043

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