94 High Mesa Rd Los Lunas, NM 87031

This exceptional 3,729 square foot ranch-style home sits on nearly 10 acres in Los Lunas, New Mexico. Built in 1989, this single-story property features a spacious primary bedroom with a floor-to-ceiling fireplace and an updated ensuite bathroom boasting a large tub, stand-alone shower, and vessel sink. The kitchen, perfect for entertaining, includes double sinks, marble tile countertops, and a convenient serving hatch. The home also offers two additional bedrooms and one bathroom, with a third bedroom suitable for use as a mother-in-law suite. A large barn/workshop provides ample storage or potential for a remote business, complemented by covered corrals ideal for horses or livestock. The property includes a private well and is zoned R-1. The current NOI is $20,536, with a pro-forma NOI of $25,136, representing a 3.91% cap rate and a pro-forma cap rate of 4.79%. The asking price is $525,000, with a price per square foot of $140.79. The land value is $160.90 per square foot. The property's APN is 1 017 038 109 232 000000. Occupancy is currently at 70%, with a projected full occupancy date of October 14, 2024. This unique property offers a blend of comfortable living and versatile outbuildings, making it an attractive investment opportunity.