2215 College And 1115 Newberry Street
Las Cruces, NM 88001
- 2 beds
- 1 bath
- 6,854 sqft
- ~1/2 acre lot
- $116 per sqft
- 1977 build
- – on site
More homes
This value-add opportunity is a core asset in that its 100% occupied and has had recent renovations, but could also be a value add in branding, signage and bringing the current rents that are 12% below market to market. Located in New Mexico's 2nd largest town, home to NM State University and its ~11,000 students this property is well situated for repositioning in the marketplace.Major capital expenditures and additions made by the current owner include:-$6,000 in roof repairs-$3,580 New gutters-upgrade of units 2217, 2219, and 2235-replaced sewer in unit 2225-stucco patches throughout-added fencing for private backyards.Measures of investment performance at list price of $831,726 and with average rent of $633 include GRM of 10.95, Before Reserves Cap rate of 5.7
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Dec 11, 2024
•
MLS# 1003283 —
The Building
-
Year Built:1977
-
Builder Name:Unknown
-
New Construction:false
-
Construction Materials:Frame,Stucco
-
Stories:2
-
Stories Total:2
-
Levels:Two
-
Basement:false
-
Accessibility Features:None
-
Building Area Total:6854.0
Interior
-
Flooring:Carpet
Room Dimensions
-
Living Area:6854.0
Location
-
Directions:From I-25 and University - west to Espina, north to Monte Vista east College, Newberry
-
Latitude:32.287895
-
Longitude:-106.757031
The Property
-
Parcel Number:4008136343447
-
Property Type:ResidentialIncome
-
Property Subtype:MultiFamily
-
Property Condition:Resale
-
Zoning Description:R-2
-
Lot Size Acres:0.46
-
Lot Dimensions Source:PublicRecords
-
Lot Size SqFt:20037.6
-
Lot Size Source:PublicRecords
-
Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
-
Tax Annual Amount:3904.56
-
Tax Legal Description:Lot 20, Block 21 Palmer'sSubdivision
Beds
-
Bedrooms Total:2
Baths
-
Total Baths:1
Heating & Cooling
-
Heating:WallFurnace
-
Heating:true
-
Cooling:EvaporativeCooling
-
Cooling:true
Utilities
-
Utilities:ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
-
Electric:None
Appliances
-
Appliances:Refrigerator
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/11/22
May 11, 2022
|
Sold | SWMLS | $800,000 |
