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    Specialty properties

    112 3Rd Ave, Truth or Consequences, NM 87901

    Built 1940
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a charming three-unit property located at 112 W Third Avenue in Truth or Consequences, New Mexico, 87901. Built in 1940, this special purpose property boasts a rich history and sits on a sizable 12,600 square foot lot. The building features three one-bedroom units, each offering comfortable living space. The property is zoned for commercial use, presenting a versatile range of potential applications. Architectural details include a Pueblo Revival style and predominantly 12-inch exterior walls, contributing to its unique character and structural integrity. The property is topped with a durable metal roof. Mature shade trees grace the lot, providing a pleasant and inviting atmosphere. The property is well-maintained, reflecting a commitment to quality and longevity. Adding to its practicality is a 16 x 10 foot storage shed. Most of the contents within the units are available for purchase, offering a seamless transition for a new owner. This property is priced at $309,000 and represents a rare chance to acquire a piece of Truth or Consequences' history with significant commercial potential. The property's location in Sierra County offers easy access to local amenities and attractions. The latitude and longitude coordinates are 33.1330643, -107.2511003.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1940
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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