1855 Payne Street Las Cruces, NM 88001
Listing Courtesy of: LAS CRUCES - IDX / Better Homes And Gardens Real Estate Steinborn & Associates / Vincent Bufanio

  1855 Payne Street Las Cruces, NM 88001

Active
$249,500
4
BED
2
BATH
1,863
SQFT

Description

Turnkey Income Property with Value-Add Potential - 1855 Payne St | Las Cruces, NMLocated in the desirable University Hills neighborhood, just minutes from NMSU, shopping centers, schools, and hospitals, this well-maintained duplex offers a turnkey investment with strong current cash flow and room for upside. Each of the two units features 2 bedrooms and 1 full bathroom, with nearly identical layouts that provide both function and style for the occupants.The property is currently fully rented, bringing in $1,650 per month in rental income, with occupants paying all utilities separately. Each unit is individually metered and features its own driveway with street access, offering convenience. Inside, you'll find tile flooring throughout every room, granite kitchen countertops, wooden cabinetry, and a stone & tile backsplash in the bathroom that wraps into the tub/shower surround.Each unit includes its own laundry/utility room, adding convenience for tenants.

MLS #:
2502353
Lot Size
8,261 SQFT
Type
Townhouse
Year Built
1965
Style
Ranch
County
Doña Ana County

Listed By

Vincent Bufanio, Better Homes And Gardens Real Estate Steinborn & Associates
Source
LAS CRUCES - IDX
Last checked Aug 6 2025 at 5:33 AM MDT
Bathroom Details
Interior Features
  • Laundry: Utility Room
  • Windows: Single Pane
Subdivision
  • College Park
Property Features
  • Fireplace: 0
  • Foundation: Slab
Heating and Cooling
  • Gas
  • Evaporative Central
Pool Information
  • No
Exterior Features
  • Brick
  • Brick Veneer
  • Roof: Pitched
  • Roof: Minimum Pitch
  • Roof: Shingle
  • Roof: Gabled
Utility Information
  • Utilities: City Gas, City Water, Gas
  • Sewer: City Sewer
Garage
  • None
Parking
  • None
Stories
  • 1
Living Area
  • 1,863 sqft
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 01, 2025
Price Changed
$249,500
0%
500

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2025 Las Cruces MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 8/5/25 22:33