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1140 S Mesquite Street, Las Cruces, NM 88001

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For Sale

$245,000

3 beds

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

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 15-unit multifamily complex, pending zoning and city approval. The possibilities are abundant for those with a long-term vision.
MLS# 2502119

Courtesy Of Exit Realty Horizons

(575) 532-5678

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Block, Stucco

Map and Directions

Directions to 1140 S Mesquite Street, Las Cruces, NM 88001

Home seller CENTURY 21 Camco Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Camco Realty

(505) 292-2021
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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