138 Paradise Canyon Dr Ruidoso, NM 88345
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.