Renovated Duplex, USA, Las Cruces, NM, Lofty
Property Type : Multifamily
Condition : Active
Price per Token : $45.00
Return Cash (exp) ? : 22.25%
Return IRR (exp) ? : 23.75%
Minimum Investment : 1 Token
Total Property Size : 2400 sqft
Total Property Value ? : $295,200

 

Renovated and fully-occupied Duplex with 5 bedrooms and 3 bathrooms.


Welcome to 1190 Ridgetop Avenue—a home with a story as unique as its transformation. When I first acquired this property, I affectionately called it “The Pigeon House,” because a flock of pigeons had taken up residence in what would eventually be “the casita”. Little did I know, this discovery would be the first of many surprises that would shape the future of this home.
As we prepared to demo the old building, we uncovered the original plumbing leading to what I thought was a glorified shed. Needless to say scope definitely creeped and we decided to convert the property into a two-unit with a large main home and a casita. What began as a modest 2-bedroom, 2-bath house– with the master bathroom separated by a literal sheet hung like a shower curtain separating the toilet from the rest of the house–has since been transformed into a spacious 5-bedroom, 3-bath residence with, not one, but now two master suites!
This transformation was no small feat. From busting through concrete to replace plumbing all the way to the curb, to installing a brand-new roof and integrating solar power. For now, I will retain ownership of the panels and will be providing an electrical credit to token holders each month for as long as the solar power/panels remain with me and on my account.
1190 Ridgetop Avenue isn’t just a house—it was a process for me and now I’m excited to bring this New Mexico Two Unit w/ Casita to Lofty!
The property is being listed at $293,000. This is $7,000 below the appraised value of $300,000.

 

 

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