1901 W Brown Road, Las Cruces, NM 88005

$780,000
9
BD

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List Price
$780,000
Status
ACTIVE
Days on Market
3
Price Change
▲ $480,000 1788846679
MLS#
2602869
Subtype
Residential Income
Year Built
1920
Bedrooms
9
Lot Size
75,794
Acres
1.74
Subdivision
N/A
MLS Area Major
Glendale Gdns

Property Description

Don't miss this rare opportunity to acquire 'The Casitas on Brown,' a unique income-producing property located just a short drive from historic Old Mesilla. Situated on 1.74 acres with unobstructed Organ Mountain views, this property features six remodeled rental units with a proven rental history and a diversified mix of owner-occupied, long-term, short-term. 2 MH's on-sight are just space rent. An investor can step into the right opportunity.The property offers multiple revenue-producing assets along with exceptional amenities, including a private well, EBID water rights, extensive parking, a large barn with covered work area, garden, chicken coop, storage room, and private patios for each unit. The main residence has been thoughtfully divided into two separate units, providing rental flexibility. For an owner-user or future repositioning strategy, the two units could easily be converted back into a single 4-bedroom, 2-bath residence. With multiple rental strategies, substantial acreage, mountain views.

Additional Information

Appliances
Range, Refrigerator
Heating
Electric
Exterior Construction
Brick, Stucco, Adobe
Roof
Mixed
Parking Features
Off-Site Park

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Calculator source: Real Geeks

Listing courtesy of EXIT Realty Horizons.