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Property profile & analytics
FOR SALE
Apartment buildings

138 Paradise Canyon Dr Ruidoso, NM 88345

1,622 SF 0.95 ac lot
Property ID
US61-1305225
Property summary
AI-generated overview

This exceptional investment opportunity presents a charming two-story apartment building nestled on a spacious 0.95-acre lot in the desirable Ruidoso, New Mexico area. The property boasts a total of 1,622 square feet, comfortably divided into three individual units, making it an ideal investment for generating rental income. Located at 138 Paradise Canyon Dr, Ruidoso, NM 88345, this multifamily property benefits from its convenient location and strong rental demand within Lincoln County. The property is zoned C-1, offering flexibility for potential future development or expansion. The building's solid construction and established tenancy provide a stable foundation for immediate returns. With its attractive features and prime location, this property represents a compelling opportunity for investors seeking a profitable addition to their portfolio. The substantial lot size offers ample space for potential future improvements or expansion, further enhancing the property's long-term value. This is a rare chance to acquire a well-maintained multifamily property in a thriving New Mexico market. The property's three units provide a diversified income stream, minimizing risk and maximizing potential returns. Don't miss this chance to secure a valuable asset in a highly sought-after location.

Property profile
Verified
Property type Apartment buildings
Total area 1,622 SF
Lot 0.95 ac (41,382 SF)
UPID US61-1305225
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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