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Property profile & analytics
OFF-MARKET
Commercial real estate

603 Pennsylvania Ave Roswell, NM 88203

4 ac lot Built 1967
Property ID
US61-0439297
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 Commercial real estate
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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