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About This Home
This 11-bedroom, 8-bathroom multi-family at 809 W Van Patten Avenue in Las Cruces, NM is listed for $315,000. Built in 1940, on a 0.57 acres lot.
Eight-unit multifamily investment opportunity with a diverse unit mix and value-add potential. The property consists of six apartment units located at the rear of the site, including five currently leased units and one recently renovated unit that is available for rent.
At the front of the property, a detached single-family home and studio provide additional income-producing flexibility.The rear apartment units each offer approximately 600 square feet of living space with 2 bd/ 1 bath corner units and 1 bd/ 1 bath interior units.
Ample on-site parking is available for tenants, and the property includes additional outdoor space that could be enhanced to improve tenant enjoyment and overall appeal.With existing rental income, a renovated vacant unit, and opportunities for further improvements, this property presents an attractive option for investors seeking a project with upside potential and multiple revenue streams.
Key Features
- Built in 1940
- 0.57 acre lot
Property Details
Monthly Cost Estimate
$1,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
809 W Van Patten Avenue
Las Cruces, NM 88005
Palmers Subdivision
Property Details
Construction
Heating
Cooling
Appliances
Questions & Answers
This 11-bedroom, 8-bathroom multi-family at 809 W Van Patten Avenue is listed at $315,000. The estimated monthly payment is $1,365 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.57 acre lot.
This property is listed by Lauren C Lay and can be reached at 5756406763 or cali@nm-realty.com.