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27401958
27401959

1630 Wyoming Ave, Las Cruces, NM 88001 For Sale

Steinborn TCN Commercial RE
CL
NM NM 20112
Steinborn TCN Commercial RE
Listed by Steinborn TCN Commercial RE
$1,295,000
278 days on market
Updated 2 days ago

Desert Rose Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,920
Net Rentable (SqFt) 7,920
Units 10
Occupancy 100%
Price per SqFt $164
Broker Co-Op Yes
Class B
Year Built 1983
Year Renovated 2021-Present
Buildings 1
Stories 2
Acreage 0.430
Zoning R-3
Investment Type Stabilized

Stable 10 Plex Near NMSU

Marketing description

Located just blocks from NMSU, this fully renovated 10-unit apartment complex, comprised of 2 bedroom 2 bath units with walk in closet. Offering modern appeal and dependable rental performance. On the interior of the units, the kitchens, appliances, bathrooms, and flooring have been updated with contemporary finishes, while the exterior offers clean curb appeal with new paint, new energy efficient windows, updated LED lighting, and recently installed gutters. In 2024, the property also received a new elastomeric roof coating. Plumbing and cooling updates include the replacement of water heaters, heating furnaces and evaporative coolers. With a strong history of stable occupancy, steadily increasing rents and proximity to campus, shopping, and public transit, this turnkey investment stands out as a prime opportunity in one of Las Cruces' most desirable rental markets. Broker/Owner

Investment highlights

  • New LED lighting

  • New Appliances

  • New Furnaces

  • New Elastomeric Roof Coating

  • New Gutters

  • New Water Heaters

  • Completely remodeled

  • High Demand area with low turnover

Listing Contacts

Steinborn TCN Commercial RE
CL
NM NM 20112
Steinborn TCN Commercial RE
Listed by Steinborn TCN Commercial RE

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Additional Information

Name
Jeremiah Lay, CCIM
License
42258
Brokerage
Steinborn TCN Commercial RE
Brokerage Address
141 Roadrunner Parkway
Name
Cali Lay
License
NM 20112
Brokerage
Steinborn TCN Commercial Real Estate
Title
Associate Broker
Brokerage Address
141 Roadrunner Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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