909 5Th St Las Vegas, NM 87701
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 909 5Th St
- Year built
- 1989
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a five-unit multifamily property located at 909 5th Street, Las Vegas, New Mexico, 87701. Built in 1989, this special purpose property is currently listed at $400,000. All five units are presently occupied, generating immediate rental income. The property enjoys a highly desirable location, offering convenient proximity to key community amenities. Its close proximity to the Carnegie Library, New Mexico Highlands University, and the historic old town plaza area ensures strong tenant demand and potential for future appreciation. The units are well-maintained and in good condition, minimizing immediate capital expenditure needs. This presents a compelling opportunity for investors seeking a stable, income-producing asset in a vibrant New Mexico community. The property's strategic location within San Miguel County provides easy access to local services and attractions, further enhancing its investment appeal. This turnkey investment is ready for immediate ownership and income generation. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-situated, income-producing property in a growing market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Vegas
- County
- San Miguel
- State
- New Mexico
- Longitude
- -105.2165783
- Latitude
- 35.5989125
