510 Ash St, Truth or Consequences, NM 87901
This exceptional special purpose property, located at 510 Ash Street in Truth or Consequences, New Mexico, presents a unique investment opportunity. The building, constructed in 1980, boasts two units and sits on a substantial 10,710 square foot lot. Its strategic location in Sierra County, zip code 87901, offers convenient access to local amenities and services. The asking price is $184,000, making it an attractive proposition for buyers seeking a versatile property in a desirable New Mexico location. The property's special purpose designation allows for a wide range of potential uses, subject to local zoning regulations. Given the size of the lot, there may be potential for future expansion or development, depending on applicable codes and permits. The property's age presents an opportunity for renovation or modernization to enhance its value and functionality. Detailed information regarding the specific configuration and condition of the two units is available upon request. This property is ideally suited for investors seeking a unique asset in a growing New Mexico market. Serious inquiries are encouraged to explore the full potential of this promising investment. Further due diligence is recommended to confirm all aspects of the property and its suitability for intended use.
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.