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

Listing Office: NM Apartment Advisors, Inc.
Last Updated: December - 28 - 2023
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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