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
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,
More Information MLS# 1043576
Status Change Info
Pending Date: 2023-12-01
Closing Date: 2023-12-28
Contract Information
Listing Price: 1090143
Current Price: $1,090,143
List Price/SqFt: 147.76
Status: Closed
Allowance/Concession: No
Bank Owned: 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
Geo Lat: 32.294415
Geo Lon: -106.765817
Area: 430 - Dona Ana
Zone Atlas: NOZA
City/County Data
UPC Code: 4-008-136-086-243
Subdivision: Lots 6-9 Newell Subdivision
General Property Description
# of Units: 7
5+ Units: Yes
Units for Sale: 7
Property Sub-Type: 7 Units
Apx Structured SqFt: 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: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built: 1958
Age: 61 - 70
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: Four
Flood Zone: X
Tax & Legal Info
GRT Code: 07-105
Current Taxes: 2906
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 53018
Operating Expenses: 29906
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 7
# of Bedrooms: 2
# Baths: 1
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
Property Features
Construction: Block; Frame
Exterior Material: 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 Lot
Roof: Flat
Rental Info: 6 Month
Finance Considered: Cash; Conventional
Source: Actual Record; Owner Provided
Zoning: R-3
LO SO Letter to Buyers, Buyers Broker ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: December - 28 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.