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$ 245,000
Est. payment /mo
New
1140 S Mesquite ST Las Cruces, NM 88001
3 Beds
3 Baths
0.39 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2502119
Bedrooms 3
Year Built 1944
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions .25 to .50 AC
Property Sub-Type Triplex
Source lascruces
Property Description
Rare investment opportunity in the heart of Las Cruces! Located just minutes from NMSU, shopping centers, schools, and major thoroughfares, this fully occupied triplex is the perfect blend of current cash flow and future potential. The property features two units in a great duplex layout, along with a detached, character-filled A-frame apartment--all with long-term renters in place, generating reliable rental income from day one.With its prime location and stable occupancy, this property is ideal for both seasoned investors and first-time buyers looking to house hack using a loan. Live in one unit while the others help cover your mortgage, or hold as a fully leased asset with room for rent increases.Sitting on a generously sized lot, this property also offers development potential--with space to add a fourth unit or even explore a complete redevelopment into a 15-unit multifamily complex, pending zoning and city approval. The possibilities are abundant for those with a long-term vision.
Location
State NM
County Dona Ana
Interior
Heating Natural Gas
Fireplace N
Appliance Range, Refrigerator
Exterior
Parking Features None
Fence Block, Chain Link
Roof Type Shingle
Building
Foundation Wood, Slab
Sewer Public Sewer
Water Public
Structure Type Block,Stucco,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2025 The Las Cruces Association of REALTORS®, Inc. All rights reserved.
Listed by EXIT Realty Horizons