NOT LISTED FOR SALE

Estimated Value: $404,863 - $506,000

2 Beds
4 Baths
2,782 Sq Ft
$164/Sq Ft Est. Value

Last Sold May 31, 2024

Current estimated payment $2,693/month

10 Days on Market

Highlights

  • 0.37 Acre Lot
  • Evaporated cooling system
  • Heating System Uses Gas
  • No HOA

About This Home

As of May 2024

Welcome to this exceptional investment property offering a mix of residential units, including a spacious 1262 sqft home and a well-maintained 4-unit apartment building. Located in a centralized area, this property presents an excellent opportunity for both seasoned investors and first-time buyers looking to generate rental income. The main home features 2 bedrooms 1 bath, offering comfortable living space and the possibility as an owner-occupied unit. The apartment building consists of four studio apartments, each providing a cozy living space ideal for those seeking affordability and convenience. Two of the studio units have been recently remodeled, featuring new flooring, modern kitchen cabinets, beautifully retiled showers, and efficient mini-split heating and cooling systems. With a total of 5 units, this property offers a lucrative income potential for investors. Don't miss out on this rare opportunity to own a versatile multi-family property with a mix of residential units.

Last Agent to Sell the Property

Quayde Bradford

Keller Williams Realty License #48816 Listed on: 02/25/2024

Keller Williams Realty

Last Buyer's Agent

Kyle Deacon

Deacon Property Services, LLC License #15579

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,404

Year Built

  • Built in 1954

Lot Details

  • 0.37

Parking

  • Paved Parking

Utilities

  • Refrigerated Cooling System
  • Evaporated cooling system
  • Heating System Uses Gas

Additional Features

  • Oven or Range
  • 0.37 Acre Lot

Community Details

  • No Home Owners Association
  • 5 Units
  • Grand View Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-008-135-129-413

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,404

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Year Built: 1954
  • Co List Office Mls Id: LCNKWIL
  • Subdivision Name: Grand View Subdivision
  • Directions: Heading left on Amador, turn left on Lohman, right on Arizona, right on Chaparro, property will be on the right.
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator

Exterior Features

  • Acres: 0.37
  • Construction Type: Block

Garage/Parking

  • Parking Features: Paved Area

Utilities

  • Heating: Electric, Gas
  • Cooling: Evaporative Central, Refrigerated Central
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-008-135-129-413
  • Lot Dimensions: .25 to .50 AC
  • Lot Size Sq Ft: 16250

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2024
Closed on
May 2, 2024
Sold by
Carboneau Luke
Bought by
Edge Capital Vi Llc
Seller's Agent
Quayde Bradford
Keller Williams Realty
Buyer's Agent
Kyle Deacon
Deacon Property Services, LLC
List Price
$430,000
Views
28
Current Estimated Value
$455,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Outstanding Balance
$283,561
Interest Rate
7.5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$171,871

Purchase Details

Closed on
Oct 26, 2004
Sold by
Archuleta Clarence F and Archuleta Florence N
Bought by
Archuleta Clarence F and Archuleta Florence N
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
Edge Capital Vi Llc -- Southwestern Abstract & Title
Archuleta Clarence F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edge Capital Vi Llc $395,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold -- -- --
03/07/2024 03/07/24 Pending -- -- --
02/25/2024 02/25/24 For Sale $430,000 +91.1% $155 / Sq Ft
12/24/2023 12/24/23 Off Market -- -- --
09/24/2023 09/24/23 Off Market -- -- --
07/19/2023 07/19/23 Sold -- -- --
06/15/2023 06/15/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $225,000 0.0% $81 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $225,000 -- $81 / 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 $2,404 $78,925 $8,333 $70,592
2023 $910 $29,413 $8,333 $21,080
2022 $707 $28,556 $8,333 $20,223
2021 $679 $27,724 $8,333 $19,391
2020 $657 $26,917 $8,333 $18,584
2019 $634 $26,133 $8,333 $17,800
2018 $630 $26,133 $8,333 $17,800
2017 $557 $25,372 $8,333 $17,039
2016 $543 $24,634 $8,567 $16,067
2015 $546 $73,900 $25,700 $48,200
2014 $545 $73,900 $25,700 $48,200
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 2400567

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

APN: 02-10255