New ListingDon't miss this rare opportunity to acquire 'The Casitas on Brown,' a unique income-producing property located just a short drive from historic Old Mesilla. Situated on 1.74 acres with unobstructed Organ Mountain views, this property features six remodeled rental units with a proven rental history and a diversified mix of owner-occupied, long-term, short-term. 2 MH's on-sight are just space rent. An investor can step into the right opportunity.The property offers multiple revenue-producing assets along with exceptional amenities, including a private well, EBID water rights, extensive parking, a large barn with covered work area, garden, chicken coop, storage room, and private patios for each unit. The main residence has been thoughtfully divided into two separate units, providing rental flexibility. For an owner-user or future repositioning strategy, the two units could easily be converted back into a single 4-bedroom, 2-bath residence. With multiple rental strategies, substantial acreage, mountain views.
| MLS # | 2602869 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 3 |
| Listing Provided By | EXIT Realty Horizons | Adrian Rosales Flores |
| Bed(s) | 9 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 2,179 |
| Units | 8 |
| Acreage | 1.74 |
| State | NM |
|---|---|
| County | Dona Ana |
| City | Las Cruces |
| Zip Code | 88005 |
| Area | Dona Ana |
| Subarea | 327 Glendale Gdns |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $780,000 low | high Med: $395,000 sqft: 2,179 low | high Med: 2,331 $ / sqft: $358 low | high Med: $169 On site: 3 low | high Med: 7 | |
| State | NM |
|---|---|
| County | Dona Ana |
| City | Las Cruces |
| Zip Code | 88005 |
| Area | Dona Ana |
| Subarea | 327 Glendale Gdns |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $780,000 low | high Med: $395,000 sqft: 2,179 low | high Med: 2,331 $ / sqft: $358 low | high Med: $169 On site: 3 low | high Med: 7 | |