1201 E Griggs Avenue, Las Cruces, NM 88001

$432,000
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 3,600 Lot Size (sq. ft.): 14,375 Status: Active
Current Price: $432,000 List Date: 10/24/2025 Last Modified: 12/06/2025

Description

CALLING ALL INVESTORS! Don't miss this fantastic opportunity to own a well-maintained income-producing fourplex with strong rental history and long-term potential! All four units have new exterior stucco paint and REFRIGERATED AIR, and each have their own back yard. Three out of the four units have been recently updated with beautiful tile floors, granite countertops, modern undermount kitchen sinks, and new windows! Newly landscaped in front, creating great curb appeal! Each unit also has two parking spaces conveniently located right in front of each unit, plus additional guest parking. This versatile property is perfect for a seasoned investor, multi-generational setup, or an owner-occupant looking to live in one unit while collecting rental income from the others. With its excellent rental appeal and reliable cash flow, this fourplex is a must-have addition to your portfolio.

More Information MLS# 2503336

Contract Information

Qualifying Broker Name: Amy Hummer Qualifying Broker License #: 19741 Qualifying Broker Address: 141 Roadrunner Pkwy Property Sub-Type: Quadruplex Number of Units: 4 Marketing Date: 2025-10-23 Start Showing Date: 2025-10-25 Asking Price: 432000 Current Price: $432,000 Status: Active Term Date: 2025-10-23

Location, Tax & Legal

Account Number: R0209938 Parcel Number: 4008135024123 Add Account Number: R0209938 Add Parcel Number: 4-008-135-024-123 Legal: DEAN SUBDIVISION (BK 6 PG 75 - 4810953) 358 Lot: 22-26 Block: 127 Number: 1201 Direction: E Street Name: Griggs St Suffix: Avenue County: Dona Ana State: NM Zip Code: 88001 Area: 120 - Downtown Subdivision: Dean Subdivision

General Property Info

HOA: No Lot SqFt: 14375 Actual Lot Size Source: Public Records Lot Acres: 0.33 Property in PID: No Use of Electronic Document Transmission: Yes Green Certified: No Lot Size: .25 to .50 AC Owner Financing: No Parking Capacity: 8 Age: 31 to 40 Years 3rd Party Approval: No Short Sale: No REO/Bank Owned: No Court Approval: No Gross Income Month: 3525 Appx House SqFt: 3600 # Bedrooms: 8 Total Baths: 4 Year Built: 1985

Remarks & Misc

Agent Wrote all Remarks: Yes Advertising Remarks: CALLING ALL INVESTORS! Don't miss this fantastic opportunity to own a well-maintained income-producing fourplex with strong rental history and long-term potential! All four units have new exterior stucco paint and REFRIGERATED AIR! Three out of the four units have been recently updated with beautiful tile floors, granite countertops, modern undermount kitchen sinks, and new windows! Newly landscaped in front, creating great curb appeal! Each unit also has two parking spaces conveniently located right in front of each unit, plus additional guest parking. This versatile property is perfect for a seasoned investor, multi-generational setup, or an owner-occupant looking to live in one unit while collecting rental income from the others. With its excellent rental appeal and reliable cash flow, this fourplex is a must-have addition to your portfolio.

Parking Type

Paved Area: 1 Street Parking: 1

Fence

Chain Link: 1 Rock Wall: 1

Miscellaneous

Individual Heat & Air: 1 Individual Water Heater: 1 Meters Master: 1 Meters Separate: 1

Possession

At Funding: 1

Will Sell

Cash: 1 Conventional: 1

Occupancy

Over 95% Occupancy: 1

Construction

Other - See Remarks: See Remarks

Cooling

Refrigerated Central: 1

Type of Tenancy

Negotiable: 1

# of Floors

One: 1

Condition

Good to Excellent: 1

Heating

Forced Air: 1 Gas: 1

Flooring/Foundation

Ceramic Tile: 1

Appliances

Oven/Range: 1 Refrigerator: 1 Other - See Remarks: convey but not warranted

Util/Serv Included In Rent

Sewer: 1 Trash Collection: 1 Water: 1

Unit Features

Fenced Area: 1 Private Bath: 1 Private Outside Entry: 1 Tile: 1 Washer/Dryer Hook-Ups: 1

Water

City Water: 1

Amenities (Common)

Other - See Remarks: See Remarks

Sewer

City Sewer: 1

Property Features

Parking Type: Paved Area; Street Parking Fence: Chain Link; Rock Wall Possession: At Funding Will Sell: Cash; Conventional Occupancy: Over 95% Occupancy Type of Tenancy: Negotiable # of Floors: One Condition: Good to Excellent Heating: Forced Air; Gas Cooling: Refrigerated Central Appliances: Oven/Range; Refrigerator Unit Features: Fenced Area; Private Bath; Private Outside Entry; Tile; Washer/Dryer Hook-Ups Water: City Water Sewer: City Sewer Miscellaneous: Individual Heat & Air; Individual Water Heater; Meters Master; Meters Separate
Listing Office: BHGRE Steinborn & Associates
Last Updated: December - 06 - 2025
Information deemed reliable but not guaranteed.