This unique investment opportunity offers a blend of 14 two-bedroom 1 bath units and a single studio unit. Each unit boasts a fenced backyard and features updates such as vinyl windows, sliding doors, and attractive flooring. Also included are Master Cool evaporative coolers, a mini-split HVAC system on the studio, and a coin/app-operated laundry facility. Situated directly across from a large park, with ample parking facilities, this property benefits from proximity to NMSU, local dining, and shops, making it highly attractive to renters. Additional perks include professional management and potential for increased returns through strategic upgrades. With a prime location and proven improvements already in place, this property represents a compelling opportunity for investors seeking immediate cash flow with long-term growth potential.
For sale
$1,639,237
2105 S Espina St, Las Cruces, NM 88001
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$1,501,800 Zestimate®
$--/sqft
$-- HOA
What's special
Mini-split hvac systemVinyl windowsAttractive flooringFenced backyardSliding doorsMaster cool evaporative coolers
- 46 days
- on Zillow |
- 167 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: June 27, 2025 at 07:38am
Listed by:
Marvid Charlson 575-642-6844,
Property Mgt & Investments of NM 575-652-4043,
David T Clarke 505-440-8633,
NM Apartment Advisors Inc.
Source: SNMMLS,MLS#: 2501924
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Natural Natural Gas, Heat Pump, 14 Wall Heaters
Cooling
- Evaporative Cooling, Heat Pump, 14 Evaporative Coolers & 1 Mini Split Unit.
Appliances
- Included: Range, Refrigerator
Features
- Flooring: Flooring Foundation: Ceramic Tile, Flooring Foundation: Vinyl
Property
Parking
- Parking features: Off Site, Paved
Features
- Fencing: Back Yard,Wood,Rock,Block
Lot
- Size: 0.84 Acres
- Dimensions: .76 to 1 AC
Details
- Parcel number: 4008136298432
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer, Stucco, Frame
- Roof: Pitched,Shingle
Condition
- Good to Excellent
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: College Mesa
HOA
- Has HOA: No
- Amenities included: Coin And App Based Onsite Laundry Room
Location
- Region: Las Cruces
Financial & listing details
- Date on market: 6/25/2025
- Listing terms: Cash,FHA,Conventional
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