2418 S Espina St, Las Cruces, NM 88001

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1985

2418 S Espina St is located in Las Cruces, NM.

Single Tree Apartments now for sale - just 2 blocks away from New Mexico State University. Built in 1985, this property has 3 separate 2 story buildings with an on-site laundry facility. Property includes 35 two bedroom, one bath rental units. Each of the units consist of a living area, kitchen with dining area, two bedrooms with average sized closets, full bath, utility closet and hall accessed linen closet. Average unit area is 614 SF. The complex has seen a decline in gross income over the previous two years, this is most likely due to deferred maintenance and higher asking prices on rents. Assuming the completion of repair and replacement of deferred maintenance it is projected that vacancy should return to observed market levels of approximately 5%. Excellent opportunity to bring this complex back to life.