2250 Locust

Very rare opportunity to own such a well-located and unique apartment compound so close to NM State University. 2250 S. Locust boasts a diverse unit mix in an updated, soft gated community. With 13 ground floor apartments with plenty of private parking right near each apartment's front door. Residents love the added privacy and security of patio home style living as much as they love the unique amenities and recent upgrades each unit offers. The current owners have completed signiÞcant renovations and updates, including a new electrical service for 7 apartments. There are also multiple HVAC upgrades, including 3 new package units on 3 brand new 1 bedroom / 1 bath apartments. More than one-half of the apartments have been renovated in the last 2 years, offering the next owner a clear pathway to easy further value add measures or a stabilized and wellmaintained core asset. Equally, several signiÞcant but optional value add opportunities remain for the next owner, including creating additional common area amenities, adding a casita-style unit to the compound, updating each unit with additional amenities, or renovating the 3 bedroom 2 bathroom main house for optimal performance. Add that to an absolutely stellar NMSU location and you've got an investment opportunity that checks all boxes.. Amazing amenity full location This compound sits next door to the Icebox Brewery, a 1/4 mile to NMSU, a 1/2 a mile to I-25, with quick and easy access to shopping, cafes, restaurants, entertainment, and I-10. The location features a 87 Bike Score 72 Walk Score. This is the Las Cruces multi-family investment opportunity you've been waiting for.