807 Chaparro St - 807 Chaparro St. 5 Unit Apartment Building Offered at $751,083 CAD at a 6.83% Cap Rate Las Cruces, NM 88001

Well-located five-unit multi-family complex consisting of one single-family residence and
four apartment units, centrally positioned in Las Cruces, New Mexico. The property benefits
from proximity to major local demand drivers and presents a solid opportunity for investors
seeking a renovated asset with additional upside potential.
The property has undergone extensive recent improvements, including fresh interior and
exterior paint, new mini-split HVAC systems in all four apartment units, and new flooring,
countertops, fixtures, and windows. A recent complete landscape overhaul further
enhances curb appeal and supports long-term tenant retention.
In addition to the completed renovations, the property offers clear value-add opportunities.
The existing garage can be converted into an on-site laundry facility, creating an additional
income stream and enhancing rentability, while the single-family house offers potential for
an HVAC system upgrade to further improve long-term operating performance.
The property is centrally located just a short distance from New Mexico State University
(NMSU), the Las Cruces Farmers Market, and a variety of shopping, dining, and everyday
conveniences. This great location supports consistent rental demand from students,
professionals, and other local residents alike.
With recent recent capital improvements, operational efficiency, and easy value-add
components, 807 Chaparro represents a solid and unique investment opportunity in the Las
Cruces corridor. Investors can capitalize on continued optimization to maximize returns
while enjoying the benefits of a strong core asset.