This Multifamily Property is no longer advertised on LoopNet.com.

1040 N Mesilla St
Las Cruces, NM 88005
Mesilla Court Apartments · Multifamily Property For Sale · 7 Units

Property Facts

No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.47 AC
Building Size 4,640 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1960/2018
Parking Ratio 2.16/1,000 SF
Zoning Incorporated

Amenities

Unit Amenities

  • Air Conditioning
  • Tile Floors
  • Hardwood Floors
  • High Speed Internet Access
  • Range
  • Tub/Shower
  • Carpet

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Trash Pickup - Curbside

About 1040 N MESILLA ST , LAS CRUCES, NM 88005

PRIDE OF OWNERSHIP - This family-owned 7-unit complex near downtown Las Cruces has been impeccably maintained inside & out. With seldom a vacancy, the complex generates over $45,000 in gross income annually, Plenty of on-site parking including individual enclosed carports. Additional amenities include separate meters, individual heat & air, an onsite coin-op laundry, upgraded flooring, and no deferred maintenance. Add in an 8.1% cap rate & you have an investment that's hard to beat.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 7 $525.00 -

Property Taxes

Property Taxes

Parcel Number
02-01498
Land Assessment
$13,673
Improvements Assessment
$98,877
Total Assessment
$112,550
  • Listing ID: 14350605

  • Date on Market: 11/10/2018

  • Last Updated:

  • Address: 1040 N Mesilla St, Las Cruces, NM 88005

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