Multifamily Apartment
For Sale
Contact for pricing
Pending
950 Mormon Dr, Las Cruces, NM 88011
Multifamily property offers a mix of 2-bedroom and 1-bedroom units with in-unit refrigerated air and surface parking.
Days on Market112
Property Features for 950 Mormon Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
6
Amenities
refrigerated air
surface level parking
courtyard
back patio space
Building Details
Tenancy
Multi
Listing Agency:
STEINBORN / TCN Commercial Real Estate
(575) 639-1208
Listed By:
Kary Bulsterbaum · License #NM 43302
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 29 at 12:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STEINBORN / TCN Commercial Real Estate
Investment Insights
Based on property information with market context.
This multifamily apartment building includes a total of six residential units, comprising four 2BR/1BA apartments and two 1BR/1BA apartments. The units feature refrigerated air in every unit, along with surface-level parking. The property also includes outdoor common-area space with a central courtyard and back patio area.
The building is located in the Telshor area, near Executive Hills Drive and Majestic Ridge. The offering emphasizes an established rental history and current occupancy, with cosmetic improvements suggested as units become vacant, such as updating flooring and appliances and addressing other interior cosmetics.
From a layout standpoint, the existing unit mix is already in place, and any future renovation would be focused on refreshing finishes as turnover occurs rather than changing the overall configuration.
The building is located in the Telshor area, near Executive Hills Drive and Majestic Ridge. The offering emphasizes an established rental history and current occupancy, with cosmetic improvements suggested as units become vacant, such as updating flooring and appliances and addressing other interior cosmetics.
From a layout standpoint, the existing unit mix is already in place, and any future renovation would be focused on refreshing finishes as turnover occurs rather than changing the overall configuration.
Key Highlights
- Multifamily unit mix includes 4 two‑bedroom 1‑bath units and 2 one‑bedroom 1‑bath units
- Each unit has refrigerated air
- Surface‑level parking available for tenants
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 88011, NM
32,885
Population
15,160
Households
2.2
Avg Household Size
43
Median Age
55%
College-Educated
95%
High-School Grad
251.7 sq mi
ZIP Area
131
Density / Sq Mi
$75,139
Median Household Income
$43,093
Median Earnings
$1,053
Median Rent
$315,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property offers a mix of 2-bedroom and 1-bedroom units with in-unit refrigerated air and surface parking.
Where is this apartment building located?
The property is located at 950 Mormon Dr Las Cruces, NM.
What are key features of this property?
This property features: Multifamily unit mix includes 4 two‑bedroom 1‑bath units and 2 one‑bedroom 1‑bath units; Each unit has refrigerated air; Surface‑level parking available for tenants
