$239,000

1140 S Mesquite Street, Las Cruces, NM 88001

  • 3 beds |
  • 3 baths
  • Property Icon Triplex
  • Property Year Built Icon Built in 1944
  • Property Lot Size Icon0.39acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Rare investment opportunity in the heart of Las Cruces! Located just minutes from NMSU, shopping centers, schools, and major thoroughfares, this fully occupied triplex is the perfect blend of current cash flow and future potential. The property features two units in a great duplex layout, along with a detached, character-filled A-frame apartment--all with long-term renters in place, generating reliable rental income from day one.With its prime location and stable occupancy, this property is ideal for both seasoned investors and first-time buyers looking to house hack using a loan. Live in one unit while the others help cover your mortgage, or hold as a fully leased asset with room for rent increases.Sitting on a generously sized lot, this property also offers development potential--with space to add a fourth unit or even explore a complete redevelopment into a larger multifamily complex, pending zoning and city approval. The possibilities are abundant for those with a long-term vision.

Listing Status:
Active
Listing Office:
EXIT Realty Horizons : (575) 532-5678
Listing Agent:
Lisa Crissi Rivera : (575) 915-4477
MLS ID:
2502119
  • Appliances: RangeRefrigerator
  • A/C: mini splits
  • Heating: Natural Gas

This listing courtesy of Lisa Crissi Rivera, EXIT Realty Horizons

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Valley View Elementary School

915 California Ave, Las Cruces, NM, 88001

Grades PK-5

0.13 miles away

M

Mesilla Valley Leadership Academy

950 S Walnut St, Las Cruces, NM, 88001

Grades 6-8

1.08 miles away

L

Las Cruces High School

1750 El Paseo Rd, Las Cruces, NM, 88001

Grades 9-12

0.56 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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