Turnkey Income Property with Value-Add Potential - 1855 Payne St | Las Cruces, NMLocated in the desirable University Hills neighborhood, just minutes from NMSU, shopping centers, schools, and hospitals, this well-maintained duplex offers a turnkey investment with strong current cash flow and room for upside. Each of the two units features 2 bedrooms and 1 full bathroom, with identical layouts that provide both function and style for the occupants.The property is currently fully rented, bringing in $1,650 per month in rental income, with occupants paying all utilities separately. Each unit is individually metered and features its own driveway with street access, offering convenience and privacy.Inside, you'll find tile flooring throughout every room, granite countertops, wooden cabinetry, and a tile backsplash in the kitchen. Bathrooms are finished with wooden sink cabinets and elegant tile and stone backsplashes that cascade down the wall and wrap into the tub/shower surround.
For sale
Price increase: $500 (8/2)
$249,500
1855 Payne St, Las Cruces, NM 88001
4beds
1,863sqft
Est.:
Townhouse, Residential
Built in 1965
8,276.4 Square Feet Lot
$-- Zestimate®
$134/sqft
$-- HOA
What's special
Identical layoutsGranite countertopsTile flooringWooden cabinetryTile backsplashWooden sink cabinets
- 2 days
- on Zillow |
- 163 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 05:07pm
Listed by:
Vincent Bufanio 610-392-3112,
BHGRE Steinborn & Associates 575-522-3698
Source: SNMMLS,MLS#: 2502353
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Dining room
- Features: Tile, Kitchen Combo
Kitchen
- Description: Tile Backsplash, Wooden Cabinets
- Features: Tile Floor, Electric Cooktop, Granite Counters, Electric Range
Living room
- Features: Tile
Heating
- Natural Natural Gas
Cooling
- Evaporative Cooling
Appliances
- Laundry: Utility Room
Features
- Flooring: Flooring Foundation: Slab
- Windows: Single Pane
- Basement: None
Interior area
- Total structure area: 1,863
- Total interior livable area: 1,863 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Driveway
- Fencing: Block,Wood,Chain Link
Lot
- Size: 8,276.4 Square Feet
- Dimensions: 0 to .24 AC
Details
- Parcel number: 4009136219197
Construction
Type & style
- Home type: Townhouse
- Architectural style: Ranch
- Property subtype: Townhouse, Residential
Materials
- Brick, Brick Veneer
- Roof: Pitched,Minimum Pitch,Shingle,Gable/Hip
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: City Gas
Community & HOA
Community
- Subdivision: College Park
HOA
- Has HOA: No
Location
- Region: Las Cruces
Financial & listing details
- Price per square foot: $134/sqft
- Date on market: 7/31/2025
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