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.