Property profile

603 Pennsylvania Ave Roswell, NM 88203

OFF-MARKET
Specialty properties
Property ID
US61-0439297
4 ac lot Built 1967
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a well-maintained four-plex located at 603 S Pennsylvania Avenue in Roswell, New Mexico. Built in 1967, this property sits on a generous 4-acre lot and offers a compelling return on investment. Each of the four units boasts two bedrooms and one bathroom, spanning approximately 895 square feet. Recent renovations have enhanced the appeal and functionality of each unit, ensuring a high occupancy rate. Current tenants occupy all four units, providing immediate cash flow. Individual features include a fireplace and a private fenced patio, adding to the desirability of each rental space. The property's location in Roswell, NM, within Chaves County, zip code 88203, offers convenient access to local amenities and services. The asking price is $368,000. A pre-qualification letter is required before scheduling a viewing. This property represents a solid investment opportunity for discerning buyers seeking a stable and profitable multifamily asset in a desirable New Mexico location. The substantial lot size also presents potential for future development or expansion.

Property profile

Verified
Property type Specialty properties
Year built 1967
Lot 4 ac (174,240 SF)
UPID US61-0439297

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

603 Pennsylvania Ave Roswell, NM 88203
Roswell metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 603 Pennsylvania Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message