2105 S Espina St
2105 S Espina St Las Cruces, NM 88001

Overview
On behalf of the Owner, NM Apartment Advisors, Deacon Property Services, and PMI of New Mexico are excited to bring this prime multi-family property to market. This unique investment opportunity offers a blend of 14 two-bedroom 1 bath apartments and a single studio apartment. Each unit boasts a fenced backyard and features updates such as vinyl windows, sliding doors, and attractive solid-surface flooring. Also included are Master Cool evaporative coolers, a mini-split HVAC system on the studio, and a coin/app-operated laundry facility. Residents love the ample parking (2 spaces per unit) and the proximity to NMSU, local dining, micro-breweries, and shops. Enjoy immediate cash flow potential with this unique property - just revitalized in 2024.
Additional perks include professional management and potential for increased returns through strategic upgrades. With a prime location and proven improvements already in place, this property represents a compelling opportunity for investors seeking immediate cash flow with long-term growth potential.
Attachments
For Sale
- Sale Price
- $1,639,237
- Price Per SF
- $172.7/SF
- Building Size
- 9,490 SF
- Acres
- 0.8439 ac
- Zoning
- R-3
- Zoning Description
- Multi Dwelling Medium Density
- Building Name
- 2105 S Espina St
- Building Class
- B
- Year Built
- 1962
- Parking Ratio
- 3.5 / 1,000
- Parking Spaces
- 31
- Property Status
- Existing
- Average Occupancy Rate
- 95%
- Total Units
- 15
- Laundry
- Shared
- County
- Doña Ana
- Available
- 2025-07-01
- Created
- 2025-06-27
- Updated
- 2025-06-27
- Listing ID
- 423fa097
- Parcel APN
- 4-008-136-298-432