SearchLas Cruces › 809 W Van Patten Avenue
809 W Van Patten Avenue photo Pending
$315,000
809 W Van Patten Avenue, Las Cruces, NM 88005
5Beds
8Baths
0Sqft
0.57Acres

About this home

SubdivisionPalmers Subdivision
TypeApartment Complex
CoolingEvaporative Cooling
HeatingWall Furnace
RoofFlat, Minimum Pitch, Pitched
ConstructionAdobe, Stucco, Block
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.
Listing courtesy of BHGRE Steinborn & Associates · MLS# LCN2601841 · Status: Pending
Listing information provided by Southern New Mexico MLS via MLS Grid. Information is deemed reliable but not guaranteed and should be independently verified. Properties are subject to prior sale or withdrawal. Aerial imagery is from Esri World Imagery and is not part of the MLS listing.
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