1190 Ridgetop Ave
About
Renovated duplex at 1190 Ridgetop Avenue configured as a 5-bedroom, 3-bath property with a main home and a separate casita. The property was converted from a 2-bedroom, 2-bath layout, with upgrades including new plumbing to the curb, a new roof, and solar panel installation (owner retains panels and provides an electrical credit). Unit 1 (main) is leased at $1,545/month on a 1-year renewal, following a prior lease at $1,500/month from 03/13/2024 to 02/28/2025. Unit 2 (casita) is leased from 04/11/2025 to 03/31/2026 at $875/month.
Property Management
Arrio Granum listed this property and runs its day-to-day operations — tenants, upkeep, and rent collection — so shareholders never carry the landlord workload themselves.
Due Diligence Documents
Offering Details
The Market
Las Cruces offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
- Property Update (06/15/2026):
- This period, owners will receive the net cash flow for the month of May on a daily basis until June's Lofty Day.
- The net cash flow in January was $1,543.69.
- The P&Ls are located in the public P&L Dropbox.
- Currently the units are 100% occupied.
Investor Reviews
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Frequently Asked Questions
How Lofty works+
Each property is held by its own LLC and divided into shares recorded on chain. Buy as few or as many as you like, collect rent daily, and trade on the order book anytime.
What returns can I expect, and how often are rental payments distributed to investors?+
Your share of net rent accrues every day, and appreciation is realized when you sell. Every listing shows its projected yield and full expense breakdown.
How does leverage work?+
Some properties carry a loan. Debt boosts cash-on-cash returns when rents outrun the payment — and cuts the other way when they don’t. Leveraged listings show the balance in Financials.
How are property decisions made?+
Big decisions — repairs, refinancing, selling — go to a shareholder vote through the property’s governance DAO, with results executed by the managing agent.
Where can I communicate with the other co-owners?+
Every property has an owners’ discussion space where co-owners talk through upcoming votes and updates.
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