NOT LISTED FOR SALE

1550 Durazno St Unit 1-7 Las Cruces, NM 88001

El Paseo Neighborhood
14 Beds
7 Baths
28,226 Sq Ft
0.65 Acres

Last Sold January 02, 2024

49 Days on Market

Highlights

  • 0.65 Acre Lot
  • Forced Air Heating System
  • 5-minute walk to Frengerpark
  • No HOA
  • Evaporated cooling system

About This Home

As of January 2024

Each spacious and updated 2 bed, 1 bath unit features its own townhome feel with dedicated fenced in back yards, storage sheds, dedicated driveways, and landscaped front yards. Fresh interior and exterior paint, new washers and dryers in each unit, flooring, fixtures, and countertops, provide the new look people are searching for. Eye-catching and easy to maintain landscaping sets each unit apart. Each unit is 100% individually metered which makes it a breeze to manage and future owners can pursue subdividing each unit as a condo or townhome setup. Located 1.3 miles from NMSU and .3 miles from Las Cruces High School. Shopping, restaurants, and gyms located right around the corner on El Paseo, one of the cities busiest streets. Measures of investment performance at list price of $1,090,143 and with average rent of $1,150 include GRM of 11.29, Before Reserves Cap rate of 6.22% and after tax IRR of 13.70%. If rents are raised to market average of $1,400, the cap rate goes to 7.42%.

Last Agent to Sell the Property

Marvid Charlson

Property Mgt & Investments of NM License #20397 Listed on: 10/16/2023

Co-Listed By

David Clarke

NM Apartment Advisors Inc. License #13711

Last Buyer's Agent

Katherine O'Neill

RE/MAX Classic Realty License #51343

RE/MAX Classic Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.65 Acre Lot
  • Back Yard Fenced
  • Block Wall Fence

Parking

  • On-Street Parking

Home Design

  • Tar and Gravel Roof
  • Asphalt Roof

Kitchen

  • Oven or Range

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • 7 Units
  • Newell Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-008-136-086-243

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Year Built: 1958
  • Co List Office Mls Id: LCNNMAAI
  • Co List Office Phone: (505) 440-8663
  • Co List Office Mls Id: LCNPMINM
  • Subdivision Name: Newell Subdivision
  • Directions: From El Paseo heading north, right on Missouri, left on Durazno to property. From Solano and Missouri, west on Missouri, right on Durazno to property. Located on the corner of Missouri and Durazno.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Washer, Range/Oven, Refrigerator
  • Total Bedrooms: 14

Exterior Features

  • Roof: Asphalt, Tar/Gravel
  • Acres: 0.65
  • Construction Type: Block

Garage/Parking

  • Parking Features: Street Parking

Utilities

  • Heating: Forced Air, Gas
  • Cooling: Evaporative Central
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-008-136-086-243
  • Fencing: Back Yard, Block
  • Lot Dimensions: .51 to .75 AC
  • Lot Size Sq Ft: 28226

Multi Family

  • Number Of Units Total: 7

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold -- -- --
12/05/2023 12/05/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $1,090,143 -- $39 / Sq Ft
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Marvid Charlson

    Property Mgt & Investments of NM

    (575) 642-6844

    2 in this area

    12 Total Sales

    Section Image

  • D

    Seller Co-Listing Agent in 2024

    David Clarke

    NM Apartment Advisors Inc.

  • Katherine O'Neill

    Buyer's Agent in 2024

    Katherine O'Neill

    RE/MAX Classic Realty

    (575) 571-7888

    1 in this area

    44 Total Sales

    Section Image
See All Agents

Map

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

MLS Number: 2302730

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

New Mexico Dona Ana County Las Cruces 88001 El Paseo

1550 Durazno St Unit 1-7, Las Cruces, NM

This home is located at 1550 Durazno St Unit 1-7, Las Cruces, NM 88001 since 16 October 2023. This property was built in 1958. 1550 Durazno St Unit 1-7 is a home located in Dona Ana County with nearby schools including Valley View 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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