2335 S Broadway Street, Truth or Consequences, NM 87901
$650,000
Property Type:
Residential Income
Lot Size (sq. ft.):
129,809
Status:
Active
Current Price:
$650,000
List Date:
4/26/2024
Last Modified:
5/06/2024
Description
This is for all investors & entrepreneurs! An exceptional opportunity in the heart of T or C! This 24-space RV/MH Park is in an opportunity zone & offers a perfect blend of convenience, natural beauty, & lucrative returns. The Park provides a peaceful retreat while still being just moments away from urban conveniences. Enjoy easy access to shopping, dining, & entertainment options. Tap into the flourishing vacation rental market with natural hot springs, Elephant Butte Lake, & other nearby attractions that ensure year-round occupancy & impressive returns. Potential to enhance the park's offerings by improving the vacancy rate & repurposing the 30x40' shop building for extra income. Virgin Galactic Space tourism started June 2023. Make this opportunity yours!!!
More Information MLS# 1054175
Contract Information
Listing Price: 650000
Current Price: $650,000
Status: Active
Bank Owned: No
Location
Street #: 2335
Direction: S
Street Name: Broadway
St Suffix: Street
County: Sierra
City/Town Code: Truth or Consequences
State/Province: NM
Zip Code: 87901
Geo Lat: 33.122902
Geo Lon: -107.279302
Area: 610 - Sierra
Zone Atlas: NOZA
City/County Data
UPC Code: 2873503667192
General Property Description
# of Units: 24
5+ Units: Yes
Property Sub-Type: 9 or More Units
Apx Lot Dim Front: TBD
Apx Lot Dim Side: TBD
Lot Size Source: On-Line
Acres: 2.98
Lot SqFt: 129809
Directions: South I-25 to exit 75, East to S Broadway, just over a mile to the property on the North Side of S Broadway.
Stories: 1
Total # of Buildings: 24
Year Built Exception: Unknown
Age: 51 - 60
Disability Access: Unknown
LBP Disclosure: No
Builder: unknown
Owner Occupant Unit: No
Flood Zone: No Flood Map
Tax & Legal Info
GRT Code: 21-124
Current Taxes: 1542.43
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 68882
Operating Expenses: 20239
Sales Info
Trade/Xch Considered: Yes
# of Unit Types (1)
# of Units: 11
Actual Rent: 200
Market Rent: 225
# of Unit Types (2)
# of Units: 13
Actual Rent: 215
Market Rent: 240
Unit Summary
Total Units: 24
Average Actual Rent: 208.12
Annualized: 59940
Total Actual Rent: 4995
Property Features
Construction: Frame
Exterior Material: None
Build Description: Resale
Amenities: Tenant Storage
Appliances included: None
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: None
Cooling: None
Flooring: See Remarks
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Owner Pays: None
Tenant Pays: Electric; Gas
Rental Info: Call Listing Broker
Trade/Xch Terms: Trade for Other RE
Finance Considered: Cash; Conventional; Owner Financing; Other - See Remarks
Zoning: C-1
Listing Office: The Sanchez Group Realty
Last Updated: May - 06 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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