809 W Van Patten Avenue, Las Cruces, NM 88005

$315,000
5
BD

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List Price
$315,000
Status
ACTIVE
Days on Market
49
MLS#
2601841
Subtype
Residential Income
Bedrooms
5
Lot Size
24,829
Acres
0.57
Subdivision
Palmers Subdivision
MLS Area Major
Alameda

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.

Additional Information

Appliances
Range, Refrigerator
Heating
Wall Furnace
Air Conditioning
Evaporative Cooling
Exterior Construction
Adobe, Stucco, Block
Roof
Flat, Minimum Pitch, Pitched
Parking Features
Paved Area

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of BHGRE Steinborn & Associates.