$687,414
PENDING

2432 La Fonda Cir Unit 1-8 Las Cruces, NM 88001

Estimated payment $4,059/month

Total Views 8,169
8 Beds
8 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Evaporated cooling system
  • Stone Wall
  • Forced Air Heating System
  • Garage

About This Home

This updated two story 8-plex is a must see!! Situated off one of Las Cruces' busiest streets, Missouri Ave., it offers seven nicely situated, 1-bed & 1-bath, units at approximately 483 sq/ft and 1 unit being approximately 823 sq/ft. Half of the units are located downstairs and the other half upstairs. The larger unit, #1, also has a 2-car garage that accompanies it that can be kept as a garage space for this unit or turned into individual storage rooms, a laundry room, or even another unit. This larger unit also boasts a private cedar fenced-in yard in the rear, making it a perfect space for grilling, relaxing, or letting pets run around in. Measures of investment performance at list price of $687,414 and with average rent of $751 include GRM of 9.53, Cap rate of 6.70% and after tax IRR of 14.90%..

Listing Agent

Marvid Charlson

License #20397

Co-Listing Agent

David Clarke

License #13711

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,975

Year Built

  • Built in 1984

Lot Details

  • 0.28 Acre Lot
  • Stone Wall
  • Wood Fence
  • Back Yard Fenced

Home Design

  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Kitchen

  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • Garage
  • On-Street Parking

Utilities

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

Community Details

  • No Home Owners Association
  • 8 Units
  • Desert Willow Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-009-135-181-447

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,975

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Complex
  • Property Type: Residential Income
  • Year Built: 1984
  • Co List Office Mls Id: LCNNMAAI
  • Co List Office Phone: (505) 440-8663
  • Co List Office Mls Id: LCNPMINM
  • Subdivision Name: Desert Willow Estates
  • Directions: Head east on Missouri from Solano .9 miles to La Fonda Dr. located on the left. Take La Fonda Dr. north .4 miles and make a right on La Fonda Cir. Property is situated on the corner of La Fonda Dr. & La Fonda Cir. 2432 La Fonda Cir.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Total Bedrooms: 8

Exterior Features

  • Roof: Asphalt, Shingle, Pitched
  • Acres: 0.28
  • Construction Type: Frame, Stucco

Garage/Parking

  • Parking Features: Garage, Street Parking, Paved Area

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-009-135-181-447
  • Fencing: Back Yard, Wood, Rock
  • Lot Dimensions: .25 to .50 AC
  • Lot Size Sq Ft: 12284

Multi Family

  • Number Of Units Total: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,975 $97,658 $8,333 $89,325
2023 $2,932 $94,814 $8,333 $86,481
2022 $2,887 $92,052 $8,333 $83,719
2021 $2,470 $79,004 $8,333 $70,671
2020 $2,482 $79,004 $8,333 $70,671
2019 $2,417 $76,703 $8,333 $68,370
2018 $2,402 $76,703 $8,333 $68,370
2017 $2,140 $74,469 $8,333 $66,136
2016 $2,106 $72,300 $10,267 $62,033
2015 $2,116 $216,805 $30,755 $186,050
2014 $2,084 $213,600 $30,300 $183,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2025 02/17/25 Pending -- -- --
12/30/2024 12/30/24 Price Changed $687,414 -6.7% --
08/22/2024 08/22/24 For Sale $737,114 -- --
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Southwestern Abstract & Ttl
Warranty Deed -- Southwestern Abstract & Titl
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $571,337 Construction
Previous Owner $183,750 Commercial
Source: Public Records

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

MLS Number: 2402610

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

APN: 02-13999

New Mexico Dona Ana County Las Cruces 88001

2432 La Fonda Cir Unit 1-8, Las Cruces, NM

Homes for Sale in Las Cruces, NM

This home is located at 2432 La Fonda Cir Unit 1-8, Las Cruces, NM 88001 and is currently priced at $687,414. This property was built in 1984. 2432 La Fonda Cir Unit 1-8 is a home located in Dona Ana County with nearby schools including Conlee Elementary School, Lynn Middle School, and Centennial 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.

Nearby Homes
Listing Agent
Marvid Charlson
Section Image
(575) 900-2459