Listings courtesy of Patino Real Estate, a licensed New Mexico brokerage.$500,000
1500 Panlener Avenue, Las Cruces, NM 88001
1.63acres
Multi Familytype
Financing on land does not work like a house payment: terms, down payment and length all differ by lender.
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🏠Multi Family
🌳1.63 acre lot
🏢HOA: ask us
🚗Parking: ask us
What's special
PatioRefrigerated air
The Sands Village is a proposed 28-unit multifamily development opportunity located just six blocks--from New Mexico State University. Existing plans include 16 two-bedroom/two-bath units of approximately 1,050-1,100 square feet and 12 three-bedroom/three-bath units of approximately 1,300-1,350 square feet with a 93-square-foot covered private patio, washer and dryer connections, refrigerated air conditioning, an energy-efficient kitchen and dedicated parking.A comprehensive construction plan package is available, including architectural, civil, structural, mechanical, electrical, plumbing, landscape and irrigation drawings. The seller has prepared preliminary pro forma projects $525,600 in annual gross rent and approximately $349,524 in stabilized NOI, based on 5% vacancy and operating expenses of approximately 30%. All financial figures are projections and should be independently verified by the buyer. Full plans are available. Possible seller financing with acceptable terms.
0 days on the market Updated Nov 11, 2026
Source: Southern New Mexico MLS · MLS#: LCN2603467 · Status: Active
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Facts and features
The property
- Type
- Multi Family
Exterior and lot
- Lot
- 1.63 acre lot
- Fencing
- Chain Link
- Sewer
- Public Sewer
- Water
- Public
Community and schools
- City
- Las Cruces, NM 88001
- Subdivision
- College Mesa
Financial
- Price
- $500,000
- HOA
- Ask us
Buyer representation: ask us how it works on this home. You get it in writing before you tour.
Price history
| Date | Event | Price |
|---|---|---|
| Nov 11, 2026 | Listed for sale | $500,000 |
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Listing courtesy of REMAX Classic Realty (Eugene A Heathman) · MLS# LCN2603467 · Active
Listing information from Southern New Mexico MLS, deemed reliable but not guaranteed and should be independently verified. Properties are subject to prior sale or withdrawal. Aerial imagery by Esri where MLS photos are not yet available. Patino Real Estate, Manny Patino Qualifying Broker, (575) 520-7604.
