Bought with Non Member of SWMLS
$687,414
$687,414
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1 Bed
1 Bath
0.28 Acres Lot
SOLD DATE : 07/02/2025
Key Details
Sold Price $687,414
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Desert Willow Estates Subdivision
MLS Listing ID 1069161
Sold Date 07/02/25
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1984
Annual Tax Amount $2,932
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
This updated two story 8-plex is a must see!! Situated off one of Las Cruces' busiest streets, Missouri Ave., it offers seven nicely situated, 1-bed & 1-bath, units at approximately 483 sq/ft and 1 unit being approximately 823 sq/ft. Half of the units are located downstairs and the other half upstairs. The larger unit, #1, also has a 2-car garage that accompanies it that can be kept as a garage space for this unit or turned into individual storage rooms, a laundry room, or even another unit. This larger unit also boasts a private cedar fenced in yard in the rear, making it a perfect space for grilling, relaxing, or letting pets run around in. Measures of investment performance at list price of $687114 and with average rent of $751 include GRM of 9.53, Cap rate of 6.44%
Location
State NM
County Dona Ana
Area 430 - Dona Ana
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Tile, Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 0213999
Acceptable Financing Cash, Conventional
Green/Energy Cert None
Listing Terms Cash, Conventional
Financing Conventional
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