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2105 S Espina St

2105 S Espina St Las Cruces, NM 88001

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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.

For Sale

Multifamily
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

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