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    OFF-MARKET
    Commercial real estate

    423 Marr St, Truth or Consequences, NM 87901

    Built 1956
    Property ID
    US61-1086583
    Property summary
    AI-generated overview

    This unique investment opportunity presents a four-unit property located at 423 Marr Street in Truth or Consequences, New Mexico, 87901. Built in 1956, this special purpose property sits on a generous 9,000 square foot lot and is conveniently located in the downtown area. The asking price is $575,000. The property boasts two hot tubs where guests can enjoy the area's renowned hot mineral water. Extensive landscaping featuring a variety of plants and trees creates a private and tranquil atmosphere, offering a true escape for visitors. The property includes multiple patios, enhancing the outdoor experience. The inn has undergone numerous updates, ensuring its continued appeal and functionality. Its prime location and unique amenities make it ideal for various rental strategies, including Airbnb, short-term, or long-term rentals, presenting a compelling investment opportunity for those seeking a unique and established business in a desirable location. The property's charm and established presence in the hot springs district make it a truly one-of-a-kind offering.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1956
    UPID US61-1086583
    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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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