620 Sudderth Drive, Ruidoso, NM 88345

$1,100,000
9
BA
4,624
SqFt
List Price
$1,100,000
Status
ACTIVE
Days on Market
41
MLS#
130964
Subtype
Commercial Sale
Style
See Remarks
Year Built
1960
Bathrooms
9
Full Baths
9
Living Area
4,624
Subdivision
Palmer Gateway
Neighborhood
Ruidoso
MLS Area Major
Ruidoso

Property Description

PRIME COMMERCIAL PROPERTY you've been waiting for in Ruidoso, N.M.! Nestled along the busy Sudderth Drive, this riverfront property not only has an unbeatable location but also a lucrative rental history that speaks volumes about its investment potential. Excellent Riverfront location with 9 apartment units, which can be converted back to 12 units. Currently 100% leased, with a wait list. C-2 Commercial zoning allows for multiple uses. Includes 3 separate buildings: triplex that can be reconverted back to 6-plex, plus duplex - both are in center of property - plus private riverfront 4-plex directly above Rio Ruidoso river with 70+' river frontage. 8-10% CAP Rate. Includes onsite coin-op laundry and storage room. 618 Sudderth located next door is listed at $895,000 Schedule a viewing today

Additional Information

Interior Features
Appliances Only
Exterior Features
Courtyard, Rain Gutters
Taxes
$10,861
Property Description
See Remarks
Zoning
C2
Appliances
Gas Cooktop, Gas Oven, Refrigerator
Heating
Natural Gas, Wall Furnace
Air Conditioning
Ceiling Fan(s)
Exterior Construction
Stucco
Levels
Two
Roof
Shingle
Parking Features
Parking Lot, Paved
View
River, Trees/Woods

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Patrick Valliant (patrick@tru-south.com) from Listing Office: TRU South Real Estate.