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2306 S Espina St
2306 S Espina St Las Cruces, NM 88001
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Overview
An outstanding opportunity to own a stabilized, income-producing 43-unit apartment complex in the heart of Las Cruces, just minutes from New Mexico State University. This well-located property consists of 24 two-bedroom, one-bath units and 19 one-bedroom, one-bath units, offering an attractive unit mix for strong tenant demand.
With consistent occupancy, and a solid rent roll, 2306 S. Espina St. offers investors immediate cash flow with long-term value-add potential.
- Strong rental history with high occupancy rates
- Value-Add Potential
- Prime location near New Mexico State University
- On-site Laundry Facilities
- Desirable Unit Mix
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For Sale
Multifamily
- Sale Price
- $4,850,000
- Price Per SF
- $73.3/SF
- Building Size
- 66,211 SF
- Acres
- 1.52 ac
- Zoning
- UD-TZ
- Zoning Description
- University District - Transition Zone
- Building Name
- Casa Bella Apartments
- Building Class
- C
- Number of Buildings
- 4
- Floors
- 2
- Year Built
- 1994
- Construction Siding
- Stucco
- Construction Type
- Framed
- Parking Type
- Surface
- Heat Type
- Natural Gas
- Heat Source
- Central
- Air Conditioning
- Evaporative Cooler
- Internet Access
- Fiber Optic
- Tenancy
- Multiple Tenants
- Submarket
- Las Cruces, NM
- Nearest MSA
- El Paso, Texas
- Tax ID Number
- 4008136298518
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 98%
- Total Units
- 43
- Laundry
- Shared
- Power Provider
- Private - El Paso Electric
- Water Provider
- City - City of Las Cruces
- Sewer Provider
- City - City of Las Cruces
- Natural Gas Provider
- City - City of Las Cruces
- County
- Doña Ana
- Created
- 2025-05-09
- Updated
- 2025-05-14
- Listing ID
- 88f7e294
- Parcel APN
- 4-008-136-298-518