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110 S Ohio Street

Roswell, NM 88203
  • $61,111
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 20246129
UPDATED: 57 min ago
$61,111
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Description

a rare opportunity to redevelop the WestWood Apartments in Roswell, NM, the UFO capital of the world and dairy capital of the southwest. This extreme value-add redevelopment is the perfect opportunity to rebuild from the ground up a desirable apartment community in an established and thriving neighborhood. The property is located along a central corridor in Roswell, just a few blocks from the New Mexico Military Institute, shops and restaurants, UFO tourism district, and so much more. An Albertson's grocery store and gas station are located across the street. The property is an extreme value add and is a offered with a start price of $61,111 per $6,111 per unit or $11.40 per square foot. The 100% vacant property contains a 9 unit building with 8 x one bedrooms, one two bedroom and a separate one bedroom house. Once renovated, and based on rents at 60% of AMI, the property's income approach to value comes in at $696,542 while the comparable sales come in at $872,567. Timelines: Register for the confidential documents and property tour at - Attend the Zoom property tour at noon on Tuesday, October 29th, 2024 (no other showing times are available, so please do not request one outside this time frame). - Offer deadline at 5pm on Thursday, October 31st 2024. Do not miss out on this out of the world opportunity to reposition an apartment asset in an intergalactic market.

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© 2024 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than Rivas Real Estate are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2024-11-09T20:14:57.483.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
www.rivasrealestatenm.com/homes/156947850
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110 S Ohio Street Roswell, NM 88203

  • Price: $61,111
  • Status: Active
  • On Site: 20 Days
  • Updated: 57 min ago
  • MLS #: 20246129
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1960
Built
Neighborhood:
Roswell
County:
Chaves
Area:
Roswell
Property Description
a rare opportunity to redevelop the WestWood Apartments in Roswell, NM, the UFO capital of the world and dairy capital of the southwest. This extreme value-add redevelopment is the perfect opportunity to rebuild from the ground up a desirable apartment community in an established and thriving neighborhood. The property is located along a central corridor in Roswell, just a few blocks from the New Mexico Military Institute, shops and restaurants, UFO tourism district, and so much more. An Albertson's grocery store and gas station are located across the street. The property is an extreme value add and is a offered with a start price of $61,111 per $6,111 per unit or $11.40 per square foot. The 100% vacant property contains a 9 unit building with 8 x one bedrooms, one two bedroom and a separate one bedroom house. Once renovated, and based on rents at 60% of AMI, the property's income approach to value comes in at $696,542 while the comparable sales come in at $872,567. Timelines: Register for the confidential documents and property tour at - Attend the Zoom property tour at noon on Tuesday, October 29th, 2024 (no other showing times are available, so please do not request one outside this time frame). - Offer deadline at 5pm on Thursday, October 31st 2024. Do not miss out on this out of the world opportunity to reposition an apartment asset in an intergalactic market.
Exterior Features

Construction Materials Frame

Interior Features

Cooling YN No Fireplace YN No Heating YN No Laundry Features Yes

Property Features

Association YN No Flood Zn Unknown Occupied YN No Property Sub Type Multi Unit 5+ Public Improvement Dist No Sale Rent For Sale Special Listing Conditions Auction Tax Annual Amount 1385

Listing courtesy of N.M. Apartments, Inc.: 505-440-8633.
© 2024 REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of the New Mexico MLS. Real Estate listings held by brokers other than Rivas Real Estate are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. Data last updated: 2024-11-09T20:14:57.483.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. MAKE NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. REALTORS® ASSOCIATION OF NEW MEXICO AND NEW MEXICO MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. REALTORS® ASSOCIATION OF NEW MEXICO AND THE NEW MEXICO MLS, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
 
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