2106 College Ave

For Sale

2106 College Ave, Las Cruces, NM 88001

This Las Cruces property for sale is located at 2106 College Ave. The current listed sale price for 2106 College Ave is $1,399,237. 2106 College Ave is situated on a lot that is 0.62 acre in size.

Contacts

broker

Todd Clarke

New Mexico Apartment Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 5,995 SF
  • Units 14
  • Lot Size 0.62 Acre
  • Cap Rate % 6.54
  • Additional Rent Contact for pricing
  • Year Built 1959
  • Date Updated Oct 24, 2024

On behalf of the Owner, NM Apartment Advisors, Deacon Property Services, and PMI of New

Mexico are excited to bring to the market this stunning 14-unit complex.

This strikingly revitalized one structure complex is a must see! Comprised of 2, 2/2’s, 11, 1/1’s,

and 1 studio, allows for a diverse household makeup. Keeping the original name of The Casa

Blanca Adobe Apartments, you get the keen sense of an adobe style structure with modern amenities and upgrades. Located just .3 miles from NMSU with a short 3-minute drive or 11-minute

walk making it easy to get to class, tour the campus, fish at the Aggie duck pond, or grab a bite to

eat at the Corbett Center Student Union.

The revitalizing component spans from top to bottom. A new roof in 2023 with 12 new master cool

units, full exterior two-color elastomeric paint, updated wood fencing, landscaping rock in front,

updated exterior lighting with plenty of additional exterior lighting provided by El Paso Electric,

more than enough on-site and street parking, and new signage bringing the exterior upgrades all

together.

Interior upgrades take this 65-year-old property from old to new as soon as you enter each unit.

You will find stylish vinyl plank flooring, tile, modern two-color semi-gloss paint, updated countertops, plumbing and electrical fixture upgrades, tiled shower surrounds, new vanity cabinets, and

other upgrades to ensure tenants get the feel of a quaint, comfortable, and updated living space.

The final interior upgrade that also allows for an additional income stream and provides an additional amenity to tenants is the new laundry room addition which provides two, coin operated

washers and dryers located on-site with private tenant access only.

Potential further value add opportunities in which a new owner can capitalize on would be the updating of all the units to refrigerated air via the way of mini splits (2 units already converted), adding individualized back and front fenced in yards so that pets are more easily allowed and provides

tenants with a more dedicated space, and the installation of storage closets/sheds, either attached

to the building or stand alone, in the back of the complex in which can be leased out to tenants.

Proximity, updates, modernization, and value

add opportunity makes this complex a homerun!

Do not miss out on the opportunity to by in a

market facing a shortage of rental units in the

thousands.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 15/100

    Bike Score ®

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Location

  • City Las Cruces, NM
  • Zip Code 88001
  • Market Albuquerque

Points of Interest

  • Circle K

    9.47 miles

  • Chucky's Food Mart

    9.50 miles

  • OHV Staging Area

    6.79 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Todd Clarke

New Mexico Apartment Advisors