- For Sale $1,040,000
- Property Type Multi-Family
- Property Size 5,170 SF
- Units 10
- Lot Size 0.7 Acre
- Cap Rate % 6.51
- Year Built 1958
- Date Updated Mar 19, 2026
Description
On behalf of the Owner, NM Apartment Advisors, Deacon Property Services, and PMI of New Mexico are excited to bring to the market this Las Cruces 10-plex.
Discover this totally renovated community featuring ten stylish 1-bedroom, 1-bathroom apartments located just minutes from downtown Las Cruces.
Smart and efÞcient floor plans are highlighted by contemporary design features that offer comfort and energy efÞciency, including: quality mechanical systems, double pane vinyl windows, upgraded security features, durable vinyl plank flooring, newer appliances, updated Þxtures, and a fresh two tone paint scheme throughout.
Recent total exterior rehab showcases the property’s tremendous curb appeal and inviting communal courtyard. Eye-catching 2 color elastomeric paint compliments the modern aesthetic, while residents love the new private backyard spaces, ample off street parking, new LED exterior lighting, and quality xeric landscaping.
Prime location with exceptional walkability to downtown, as well as quick and easy access to I-25, NMSU, and great shopping. This unique, updated complex boasts a near-turn key opportunity with a solid return straight away. It’s the rare core asset the next lucky owner can enjoy for years to come with little to no headaches.
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Contacts
New Mexico Apartment Advisors
Location
New Mexico Apartment Advisors