NOT LISTED FOR SALE

1120 Plain St Las Cruces, NM 88001

Estimated Value: $2,475,872

34 Beds
37 Baths
7,506 Sq Ft
$330/Sq Ft Est. Value

Last Sold June 21, 2021

Current estimated payment $14,544/month

217 Days on Market

About This Home

As of June 2021

Money Maker! This 37-unit development located just one block from New Mexico State University consists of 34 one-bedroom & 3 studio studio apartments. In addition to an almost zero vacancy factor, this complex offers plenty of parking & an on-site laundry.

Last Agent to Sell the Property

Gary Sandler

Gary Sandler Inc., Realtors License #15204 Listed on: 09/21/2020

Last Buyer's Agent

Lucas Gabaldon

Real Broker LLC License #52664

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,900

Year Built

  • Built in 1971

Lot Details

  • 0.91

Home Design

  • Frame Construction
  • Built-Up Roof
  • Asphalt Roof

Bedrooms and Bathrooms

  • 34 Bedrooms
  • 37 Bathrooms

Parking

  • Paved Parking
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Heating System Uses Gas

Additional Features

  • Oven or Range
  • 0.91 Acre Lot

Community Details

  • No Home Owners Association
  • 37 Units
  • Hadleys College Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-008-137-384-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,900

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Complex
  • Property Type: Residential Income
  • Year Built: 1971
  • Co List Office Mls Id: LCNGSI
  • Subdivision Name: Hadleys College Addition
  • Directions: Approx 2 Blocks N. of University Avenue & 1 Block E. of Espina Street
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Total Bedrooms: 34

Exterior Features

  • Roof: Asphalt, Built-Up
  • Acres: 0.91
  • Construction Type: Frame, Slump Block

Garage/Parking

  • Parking Features: Paved Area, Street Parking

Utilities

  • Heating: Gas
  • Cooling: Evaporative Central
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-008-137-384-018
  • Lot Dimensions: .76 to 1 AC
  • Lot Size Sq Ft: 39640

Multi Family

  • Number Of Units Total: 37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2020
Closed on
Jun 11, 2021
Sold by
Rhea And Jiya Investments Llc
Bought by
Ta & To Holdings Lp
Seller's Agent
Gary Sandler
Gary Sandler Inc., Realtors
Buyer's Agent
Lucas Gabaldon
Real Broker LLC
List Price
$1,850,000
Current Estimated Value
$2,475,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$563,659
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,912,213

Purchase Details

Listed on
Apr 1, 2018
Closed on
Sep 12, 2018
Sold by
Sayed Suleiman Abdel and Sayed Suleiman Sally
Bought by
Rhea And Jiya Investments Llc
Seller's Agent
Gary Sandler
Gary Sandler Inc., Realtors
Buyer's Agent
Nonmember
Multiple Listing Service
List Price
$1,550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Interest Rate
5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ta & To Holdings Lp -- Southwestern Abstract
Rhea And Jiya Investments Llc -- Southwestern Abstract & Titl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ta & To Holdings Lp $900,000
Previous Owner Rhea And Jiya Investments Llc $1,162,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2023 12/24/23 Off Market -- -- --
12/24/2023 12/24/23 Off Market -- -- --
09/24/2023 09/24/23 Off Market -- -- --
06/21/2021 06/21/21 Sold -- -- --
04/26/2021 04/26/21 Pending -- -- --
03/05/2021 03/05/21 Off Market -- -- --
09/21/2020 09/21/20 For Sale $1,850,000 +19.4% $246 / Sq Ft
09/19/2018 09/19/18 Off Market -- -- --
09/18/2018 09/18/18 Sold -- -- --
06/30/2018 06/30/18 Pending -- -- --
04/01/2018 04/01/18 For Sale $1,550,000 -- $207 / Sq Ft
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,900 $456,362 $36,506 $419,856
2023 $13,703 $443,070 $36,506 $406,564
2022 $13,492 $430,165 $36,506 $393,659
2021 $7,080 $226,502 $32,403 $194,099
2020 $7,117 $226,502 $32,403 $194,099
2019 $6,929 $219,905 $32,281 $187,624
2018 $6,886 $219,905 $32,281 $187,624
2017 $6,321 $219,905 $32,281 $187,624
2016 $6,219 $213,500 $31,500 $182,000
Source: Public Records

Agents Affiliated with this Home

  • Gary Sandler

    Seller's Agent in 2021

    Gary Sandler

    Gary Sandler Inc., Realtors

    (575) 642-0032

    90 Total Sales

    Gary Sandler
    Section Image
  • Lucas Gabaldon

    Buyer's Agent in 2021

    Lucas Gabaldon

    Real Broker LLC

    (818) 533-1404

    8 Total Sales

    Lucas Gabaldon
    Section Image

  • N

    Buyer's Agent in 2018

    Nonmember

    SONM

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Map

Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

MLS Number: 2002646

Southern New Mexico MLS (Las Cruces Association of REALTORS®)

APN: 02-13199

New Mexico Dona Ana County Las Cruces 88001

1120 Plain St, Las Cruces, NM

This home is located at 1120 Plain St, Las Cruces, NM 88001 since 21 September 2020 and is currently estimated at $2,475,872, approximately $329 per square foot. This property was built in 1971. 1120 Plain St is a home located in Dona Ana County with nearby schools including University Hills Elementary School, Lynn Middle School, and Las Cruces High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southern New Mexico MLS (Las Cruces Association of REALTORS®) The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.

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