1804 College Blvd Roswell, NM 88201

This exceptional 9.46-acre property in Roswell, New Mexico, presents a unique investment opportunity. The main residence, a Santa Fe-style home, boasts 3,888 square feet, including a separate 1,100-square-foot guest quarters. Three additional homes, totaling approximately 2,415 square feet, generate a current monthly rental income of $3,200. The guest quarters offer significant additional rental potential, projected at over $4,000 per month. The property also includes a well installed within the last two years and an extensive underground irrigation system with eleven water valve risers. The 6,303-square-foot total area (per tax records) sits on land with designated 5+ acres of Senior Artesian Water Rights (circa 1908). All rental homes are fully furnished and currently leased. Farming income is also possible. Note that a Special Use Permit from Chaves County Extra Territorial Zoning is required every three years for retreat center/community garden use. This property offers a blend of residential comfort and substantial income potential, making it an ideal owner-user investment. The property includes 20 parking spaces. The asking price is $950,000.