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Mesilla Court Apartments 1050 N Mesilla St 7 Unit Apartment Building $478,350 ($68,336/Unit) 8.50% Cap Rate Las Cruces, NM 88005
EXECUTIVE SUMMARY
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 just under $50,000 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 a cap in the neighborhood of 8% to 9% and you have an investment that's hard to beat.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $478,350 | Apartment Style | Garden |
| Price Per Unit | $68,336 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 4,640 SF |
| Cap Rate | 8.50% | Average Occupancy | 100% |
| Sale Condition | REO Sale | No. Stories | 1 |
| No. Units | 7 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 2.16/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | Incorporated | ||
| Price | $478,350 |
| Price Per Unit | $68,336 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Sale Condition | REO Sale |
| 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 | 1960 |
| 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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $692.00 | - |
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PROPERTY TAXES
| Parcel Number | 02-01498 | Total Assessment | $112,550 (2025) |
| Land Assessment | $13,673 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $98,877 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
02-01498
Land Assessment
$13,673 (2025)
Improvements Assessment
$98,877 (2025)
Total Assessment
$112,550 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Mesilla Court Apartments | 1050 N Mesilla St
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