NOT LISTED FOR SALE

2530 S Espina St Las Cruces, NM 88001

El Paseo Neighborhood

Estimated Value: $649,000 - $1,396,759

7 Beds
7 Baths
3,276 Sq Ft
$312/Sq Ft Est. Value

Last Sold August 19, 2023

Current estimated payment $6,027/month

224 Days on Market

Highlights

  • 0.49 Acre Lot
  • Heating system powered by active solar
  • Evaporated cooling system
  • No HOA

About This Home

As of August 2023

Exceptional location one long block to main NMSU campus with easy access to great area dining, entertaining, cafes, and breweries. Sited on nearly 1.5 acres, this classic compound offers amazing outdoor living areas, plenty of parking, and loads of potential. Each unit offers its own unique features, smart storage options, and classic character while maximizing cubic footage and the right updates for resident comfort. Loft style storage and sleeping areas increases each units isabele sie by 50%! Resident quality of life is amplified by extensive outdoor landscaped common areas, gardens spaces, and multiple secure tenant storage and bike storage rooms.Hardwood floors, big windows, casework, plaster, and vintage fixtures throughout add to an overall historic charm that make these units as easy to rent as any we've seen.Measures of investment performance at list price of $1,495,000 and with average rent of $648 include GRM of 10.10, Before Reserves Cap rate of 6.44% and after tax IRR of 13.80%.

Last Agent to Sell the Property

David Clarke

NM Apartment Advisors Inc. License #13711 Listed on: 12/07/2022

Last Buyer's Agent

Marvid Charlson

Property Mgt & Investments of NM License #20397

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,964

Year Built

  • Built in 1910

Lot Details

  • 0.49

Home Design

  • Frame Construction

Additional Features

  • 7 Bedrooms
  • Heating system powered by active solar
  • 0.49 Acre Lot
  • Evaporated cooling system

Community Details

  • No Home Owners Association
  • 21 Units
  • Lesters Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-008-137-343-048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,964

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Year Built: 1910
  • Co List Office Mls Id: LCNNMAAI
  • Subdivision Name: Lesters Addition
  • Directions: From University and Espina, north one block property is on the left.
  • Special Features: None

Interior Features

  • Total Bedrooms: 7

Exterior Features

  • Acres: 0.49
  • Construction Type: Frame

Garage/Parking

  • Parking Features: Off-Site Park

Utilities

  • Heating: Active Solar
  • Cooling: Evaporative Central

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-008-137-343-048
  • Lot Dimensions: 1.01 to 1.5 AC
  • Lot Size Sq Ft: 21344

Multi Family

  • Number Of Units Total: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2019
Sold by
Bcf Properties Limited Partnership
Bought by
Espina Place Llc
Current Estimated Value
$1,022,880

Purchase Details

Closed on
Jan 18, 2000
Sold by
Francis Robert W and Binneweg Nancy
Bought by
Bcf Properties Ltd Partnership
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Espina Place Llc -- None Available
Bcf Properties Ltd Partnership -- --
Francis Robert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaparro Street Llc $1,040,000
Previous Owner Bcf Properties L P $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2023 08/19/23 Sold -- -- --
07/20/2023 07/20/23 Pending -- -- --
12/07/2022 12/07/22 For Sale -- -- --
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 $5,964 $195,803 $21,344 $174,459
2023 $2,524 $81,616 $21,344 $60,272
2022 $2,485 $79,239 $21,344 $57,895
2021 $2,405 $76,931 $21,344 $55,587
2020 $2,130 $67,804 $21,344 $46,460
2019 $1,591 $50,499 $21,335 $29,164
2018 $1,581 $50,499 $21,335 $29,164
2017 $1,409 $49,028 $21,333 $27,695
2016 $1,387 $47,600 $38,067 $9,533
2015 $697 $142,811 $114,188 $28,623
2014 $686 $140,700 $112,500 $28,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Clarke

    NM Apartment Advisors Inc.

  • M

    Buyer's Agent in 2023

    Marvid Charlson

    Property Mgt & Investments of NM

    (575) 642-6844

    2 in this area

    13 Total Sales

    Marvid Charlson
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Map

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

MLS Number: 2203463

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

APN: 02-13188

New Mexico Dona Ana County Las Cruces 88001 El Paseo

2530 S Espina St, Las Cruces, NM

This home is located at 2530 S Espina St, Las Cruces, NM 88001 since 07 December 2022 and is currently estimated at $1,022,880, approximately $312 per square foot. This property was built in 1910. 2530 S Espina St 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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