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904 Carrizo Canyon Rd

7 Unit Apartment Building $999,799 ($142,828/Unit) 7.70% Cap Rate Ruidoso, NM 88345

Apartment Buildings New Mexico Ruidoso 904 Carrizo Canyon Rd, Ruidoso, NM 88345

Investment Highlights

  • Laundry included on-site
  • Ample parking

Executive Summary

**CASH FLOW OPPORTUNITY** Vibrant remodel of this 7 unit condominium building (6 -1 bed/1 bath & 1 - 3 bed/1.5 bath) ALL UNITS CURRENTLY OCCUPIED MONTHLY OR NIGHTLY. Fully remodeled laundry room with stacked washer & dryer located on site/attached. Brand new Kitchenettes and updated electrical systems added to each 1 bedroom unit. New mini-splits on 1 bedroom units, Werth AC and heat. Renovated parking area. Two on-demand tankless water heaters (endless heat). Internet provided to each individual unit.

Attachments

904 Carrizo-Amanda

Property Facts

Price $999,799 Property Subtype Apartment
Price Per Unit $142,828 Apartment Style Low Rise
Sale Type Investment Building Class C
Cap Rate 7.70% Building Size 2,876 SF
Sale Conditions 1031 Exchange Average Occupancy 100%
No. Units 7 No. Stories 3
Property Type Multifamily Year Built/Renovated 1984/2022
Price $999,799
Price Per Unit $142,828
Sale Type Investment
Cap Rate 7.70%
Sale Conditions 1031 Exchange
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 2,876 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1984/2022

Unit Amenities

  • Air Conditioning
  • Heating
  • Wi-Fi

Site Amenities

  • Laundry Facilities
  • Picnic Area

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 6 - -
3+1.5 1 - -

Links

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zoning

Zoning Code R4 (Residential)
R4 (Residential)
(575) 257-1111

  • Listing ID: 30966806

  • Date on Market: 2/15/2024

  • Last Updated:

  • Address: 904 Carrizo Canyon Rd, Ruidoso, NM 88345

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904 Carrizo Canyon Rd
(575) 257-1111 x

904 Carrizo Canyon Rd

Amanda Waters-Foster

(575) 257-1111

(575) 257-1111

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