NOT LISTED FOR SALE

926,32,40 N Tornillo St Unit 1-13 Las Cruces, NM 88012

Mesquite Historic District Neighborhood

Estimated Value: $503,144 - $532,000

11 Beds
13 Baths
7,401 Sq Ft
$70/Sq Ft Est. Value

Last Sold October 27, 2021

Current estimated payment $3,196/month

60 Days on Market

Highlights

  • 0.59 Acre Lot
  • Evaporated cooling system
  • 1-minute walk to Jardin de Mesquite
  • No HOA
  • Stone Wall

About This Home

As of October 2021

In the Mesquite historic District, turn key ready investment of an adobe compound of 13 units (11 one bedrooms and 2 studios) in 5 buildings. Current owners have updated & upleveled these units by investing most of the net cash flow income in improvements in recent years & improving the gross rental income. See supplemental info for more specific detail per building on square footages, monthly lease rents and amenities per unit. If you are a financially qualified, serious investor wanting to expand your portfolio, lets talk about your opportunity to buy and uplevel the property even further.

Last Agent to Sell the Property

Peggy Shinn

Keller Williams Realty License #2623 Listed on: 05/20/2021

Keller Williams Realty

Last Buyer's Agent

Cindy Bennett

The Real Estate Firm License #54395

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,715

Year Built

  • Built in 1945

Lot Details

  • 0.59 Acre Lot
  • Stone Wall
  • Chain Link Fence

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Built-Up Roof
  • Stucco
  • Adobe

Kitchen

  • Oven or Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 13 Bathrooms

Utilities

  • Evaporated cooling system
  • Heating Panels
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • 13 Units
  • Government Heights Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4007134334457

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,715

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Apartment Complex
  • Property Type: Residential Income
  • Year Built: 1945
  • Co List Office Mls Id: LCNKWIL
  • Subdivision Name: Government Heights Addition
  • Directions: Located in the Mesquite Historic District. From East Picacho/Spruce, turn south on N Tornillo, property is on east side of N Tornillo Street cornering with Pinon Ave. Pinon entrance is gated closed.From the heart of Main Street Downtown in the Historic District, take any Avenue above Amador/Lohman & go E to Tornillo; turn N. Property is located just north of the Safe Haven Community Center.
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Total Bedrooms: 11

Exterior Features

  • Roof: Built-Up, Composition, Flat, Mixed, Pitched, Shingle
  • Acres: 0.59
  • Construction Type: Adobe, Frame, Stucco

Garage/Parking

  • Parking Features: Street Parking

Utilities

  • Heating: Gas, Panel
  • Cooling: Evaporative Hall, Evaporative Window
  • Sewer: City Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4007134334457
  • Fencing: Chain Link, Rock
  • Lot Dimensions: .51 to .75 AC
  • Lot Size Sq Ft: 25531

Multi Family

  • Number Of Units Total: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2021
Closed on
Oct 15, 2021
Sold by
Combs Kids Corral Inc
Bought by
Canyon Peak 1 Llc
Seller's Agent
Peggy Shinn
Keller Williams Realty
Buyer's Agent
Cindy Bennett
The Real Estate Firm
List Price
$540,000
Current Estimated Value
$512,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,750
Outstanding Balance
$223,299
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$316,701

Purchase Details

Closed on
Jan 4, 2005
Sold by
Jeffers Nathan and Jeffers Suzanne
Bought by
Combs Kids Corral Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
5.74%
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
Canyon Peak 1 Llc -- Dona Ana Title Company
Combs Kids Corral Inc -- Dona Ana Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canyon Peak 1 Llc $672,750
Previous Owner Combs Kids Corral Inc $183,000
Previous Owner Combs Kids Corral Inc $150,000
Previous Owner Combs Kids Corral Inc $183,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2023 12/24/23 Off Market -- -- --
01/25/2022 01/25/22 Off Market -- -- --
10/27/2021 10/27/21 Sold -- -- --
07/19/2021 07/19/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $540,000 -- $73 / 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 $4,715 $154,790 $8,333 $146,457
2023 $4,648 $150,281 $8,333 $141,948
2022 $4,576 $145,904 $8,333 $137,571
2021 $1,198 $38,341 $8,333 $30,008
2020 $1,170 $37,225 $8,333 $28,892
2019 $1,139 $36,141 $8,333 $27,808
2018 $1,099 $35,088 $8,333 $26,755
2017 $1,009 $35,088 $7,886 $27,202
2016 $992 $34,066 $7,033 $27,033
2015 $499 $102,211 $21,112 $81,099
2014 $491 $100,700 $20,800 $79,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Peggy Shinn

    Keller Williams Realty

    Section Image

  • C

    Buyer's Agent in 2021

    Cindy Bennett

    The Real Estate Firm

    (575) 640-6937

    1 in this area

    15 Total Sales

    Section Image
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Map

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

MLS Number: 2101943

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

APN: 02-04882

New Mexico Dona Ana County Las Cruces 88001 Mesquite Historic District

926,32,40 N Tornillo St Unit 1-13, Las Cruces, NM

This home is located at 926,32,40 N Tornillo St Unit 1-13, Las Cruces, NM 88012 since 20 May 2021 and is currently estimated at $517,572, approximately $69 per square foot. This property was built in 1945. 926,32,40 N Tornillo St Unit 1-13 is a home located in Dona Ana County with nearby schools including Booker T. Washington Elementary School, Sierra 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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