Current Use by Public Records
- Residential income homes
Property Details for 10 Ranger Sta Rd
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a 10-acre lot in Mountainair, New Mexico, featuring a single-family rental property. Located at 10 Ranger Station Rd, 87036, this Class C multifamily property is listed at $165,000. The property consists of one building with a single unit. While the condition of the existing structure is undetermined, the expansive 10-acre lot offers significant potential for future development or expansion. This is a unique opportunity for investors seeking a property with considerable land. The seller is open to financing options, offering a 7-year fixed-rate loan at 7% APR with a 40% down payment. The property's geographic coordinates are 34.5211836 latitude and -106.2547426 longitude, situated within Torrance County. This presents a compelling investment prospect in a growing area, ideal for those seeking a hands-on project with substantial upside potential. The property's current cap rate is listed as 0.00%, however, this is subject to change based on future development and rental income. Serious inquiries are encouraged to explore this unique opportunity further. The property is zoned for multifamily use.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mountainair
- County
- Torrance
- State
- New Mexico
- Longitude
- -106.255
- Latitude
- 34.5212
