1550 Durazno Street, Las Cruces, NM 88001 (MLS# 1043576)

1550 Durazno Street, Las Cruces, NM 88001

$1,090,143

Property Type: Residential Income Square Footage: 7,378 Lot Size (sq. ft.): 28,227 Status: Closed

Current Price: $1,090,143 List Date: 10/22/2023 Last Modified: 12/28/2023

Overview

Description

Each spacious and updated 2 bedroom, 1 bath unit features its own townhome feel with dedicated fenced in back yards, storage sheds, private driveways, and freshly landscaped front yards featuring a xeriscape appearance. Fresh interior and exterior paint, new washers and dryers in each unit, flooring, fixtures, and countertops, provide the new look tenants are searching for. Not only do these upgrades make these units desirable, but the eye-catching and easy to maintain landscaping sets each unit apart from anything else in close proximity. To top it off, each unit is 100% individually metered which makes it a breeze to manage and future owners can pursue subdividing each unit as a possible condo or townhome setup. Measures of investment performance at $1,090,143 are 6.22% cap rate,

Listing Details MLS# 1043576

Status Change Info

Pending Date: 2023-12-01
Closing Date: 2023-12-28

Contract Information

List Price/SqFt: 147.76
Allowance/Concession: No

Location

Street #: 1550
Street Name: Durazno
St Suffix: Street
County: Dona Ana
City/Town Code: Las Cruces
State/Province: NM
Zip Code: 88001
Zip +4: 4252
MLS Area Major: 430 - Dona Ana
Zone Atlas: NOZA

CityCounty Data

Subdivision Name: Lots 6-9 Newell Subdivision

General Property Description

# of Units: 7
5+ Units: Yes
Units for Sale: 7
Property Sub-Type: Multi-Family
Living Area: 7378
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.65
Lot SqFt: 28226.88
Directions: From Lohman and I25 west to Solano, south to Missouri, West to Durazno - on corner to the north of Missouri
Stories: Yes
Total Stories in Bldg: Yes
Total # of Buildings: Yes
Year Built: 1958
Age: 61 - 70
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: Four
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 7
# of Bedrooms: 2
# Baths: Yes
Style: Patio home
Approx. SqFt: 1054
Actual Rent: 633
Max Rent: 750
Market Rent: 895

Unit Summary

Total Units: 7
Average Unit Size: 1054
Average Actual Rent: 633
Annualized: 53172
Total Actual Rent: 4431

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 4008136086243

Tax & Legal Info

GRT Code: 07-105
Tax Exemption: No
Tax Annual Amount: 2906

Construction Materials

Block: Yes
Frame: Yes
Stucco: Yes

Amenities

Some Landscaping: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Other - See Remarks: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Water: Yes

Income & Expenses

Annual Gross Income: 53018
Operating Expenses: 29906

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes
Washer H/U: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

No Sign: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes
Other - See Remarks: Yes

Operating Expenses

Other - See Remarks: Yes

Parking

Paved: Yes

Roof

Flat: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

6 Month: Yes

Source

Actual Record: Yes
Owner Provided: Yes

Zoning

R-3: Yes

Property Features

Construction Materials: Block; Frame; Stucco Build Description: Resale Amenities: Some Landscaping Appliances included: Refrigerator; Washer H/U Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Vinyl Green Energy Generation: None Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas; Other - See Remarks Operating Expenses: Other - See Remarks Owner Pays: Other - See Remarks Tenant Pays: Electric; Gas; Water Parking: Paved Roof: Flat Rental Info: 6 Month Finance Considered: Cash; Conventional Source: Actual Record; Owner Provided Zoning: R-3

Documents

LO SO Letter to Buyers, Buyers Broker ›

Flyer & APOD ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: December - 28 - 2023

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