2 months on rocket

2250 S Locust St, Las Cruces, NM, 88001

$1,399,890

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Baths
10,270 SqFt
$136/SqFt
Multi

Location

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2250 S Locust St, Las Cruces$1,399,890

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1962
HeatingCentral, Forced Air, Wall Furnace
MLS #1070777
Lot Size1.03 Acres
StatusActive

About 2250 S Locust St

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 significant 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 1/2 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 well-maintained core asset. Equally, several significant but optional value add opportunities remain for the next owner, includi

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Living Area: 10,270 SqFt

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Tile, Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Landscaping

Lot Features

Lot Information:

  • Lot Size: 1.03 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Wall Furnace

Other

Directions Information:

  • Directions: From University and Locust north to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,399,890
  • Price Per SqFt: $136/SqFt

Tax Information:

  • Annual Amount: $5,800
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Las Cruces, NM.

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Las Cruces, NM

City

Med. List Price

$545K

Med. Price/SqFt

$198

Avg. Days On Market

94

2250 S Locust St vs Las Cruces

65 DAYS ON ROCKET

-29 Days

$1,399,890

+$854.8K More

$136/SqFt

-$63 Less

KEY TAKEAWAY

This property is $854.8K more than the Median List Price and $63/SqFt less than other homes in Las Cruces, NM.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1070777

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,800$184,582
2019$4,706$154,803
2018$4,194$150,294
2017$4,194$145,917

History based on county public records data.

Payment Calculator

$7,054

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,263

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-460664
4
/10

  • University Hills Elementary School

  • 2005 S Locust St

  • 0.09 miles

  • Public District Grades PK-5

school-card-donut-460665
4
/10

  • Conlee Elementary School

  • 1701 Boston Dr

  • 0.57 miles

  • Public District Grades PK-5

school-card-donut-460666
3
/10

  • Valley View Elementary School

  • 915 California Ave

  • 1.23 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,684. The majority of Las Cruces, NM residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Doña Ana County›Las Cruces›88001›2250 S Locust St

This home is located at 2250 S Locust St in Las Cruces, NM and zip code 88001. This 10,270 square foot home, which was built in 1962, sits on a 1.03 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $1,399,890.

Listings spent 94 days on the market in October 2024, and had a median list price of $545,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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