8-Unit Residential Income
For Sale
Contact for pricing
503 Mims, Truth or Consequences, NM 87901
Eight residential units are leased in a downtown multifamily complex, offering an income-producing setup for new ownership.
Property SizeContact for details
Days on Market111
Property Features for 503 Mims
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
8
Listing Agency:
Homesteaders Realty
(575) 740-0012
Listed By:
Rachel Woodard
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 20 at 9:32PM
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 Homesteaders Realty
Investment Insights
Based on property information with market context.
This offering is an 8-unit residential income property in downtown Truth or Consequences, New Mexico. The complex is currently operating at full occupancy with all eight units leased, providing immediate rental income for a new owner.
The property is positioned in the downtown district with walkable access to local shopping and dining. Public remarks also note that the area’s natural hot mineral baths draw visitors, which may support steady demand for housing in the vicinity.
The exterior and setting are described as featuring panoramic mountain views of Turtleback Mountain, contributing to the property’s appeal. The public remarks further highlight a potential development concept involving the geothermal resources in the area, including drilling a private hot water well to enhance the property’s differentiation.
The property is positioned in the downtown district with walkable access to local shopping and dining. Public remarks also note that the area’s natural hot mineral baths draw visitors, which may support steady demand for housing in the vicinity.
The exterior and setting are described as featuring panoramic mountain views of Turtleback Mountain, contributing to the property’s appeal. The public remarks further highlight a potential development concept involving the geothermal resources in the area, including drilling a private hot water well to enhance the property’s differentiation.
Key Highlights
- 8‑unit residential multifamily complex in downtown Truth or Consequences, NM
- All eight units are leased (full occupancy), providing income‑producing setup for new ownership
- Downtown walking access to shopping and dining
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 87901, NM
6,515
Population
3,981
Households
1.6
Avg Household Size
54
Median Age
19%
College-Educated
89%
High-School Grad
1,080.4 sq mi
ZIP Area
6
Density / Sq Mi
$27,868
Median Household Income
$25,735
Median Earnings
$674
Median Rent
$114,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight residential units are leased in a downtown multifamily complex, offering an income-producing setup for new ownership.
Where is this apartment building located?
The property is located at 503 Mims Truth or Consequences, NM.
What are key features of this property?
This property features: 8‑unit residential multifamily complex in downtown Truth or Consequences, NM; All eight units are leased (full occupancy), providing income‑producing setup for new ownership; Downtown walking access to shopping and dining
