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$315,000
Est. payment /mo
5 Beds
8 Baths
5,101 SqFt
UPDATED:
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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