110 Ohio St Roswell, NM 88203

This exceptional value-add opportunity presents a 9-unit apartment complex situated on a 16,901.28 sq ft lot at 110 S Ohio Street, Roswell, NM 88203. Built in 1960, the property is currently 100% vacant, offering a blank canvas for redevelopment. The building comprises eight one-bedroom units, one two-bedroom unit, and a separate one-bedroom house. Its central Roswell location places it within easy reach of the New Mexico Military Institute, various shops and restaurants, and the renowned UFO tourism district. An Albertson's grocery store and gas station are conveniently located directly across the street. The asking price is $61,111, translating to $6,111 per unit or $11.40 per square foot. Post-renovation, based on Area Median Income (AMI) projections at 60%, the property's income approach value is estimated at $696,542, while comparable sales suggest a value of $872,567. This presents a unique chance to capitalize on the strong potential of this Roswell property. Serious inquiries only. The property is available for viewing via a Zoom tour scheduled for noon on Tuesday, October 29th, 2024. Offers are due by 5 pm on Thursday, October 31st, 2024.