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31774504
31774505

138 Paradise Canyon Dr, Ruidoso, NM 88345

EH
NM NM #19925
RE/MAX Classic Realty
RE/MAX Classic Realty
Listed by RE/MAX Classic Realty
$305,000
46 days on market
Updated 46 days ago

Paradise Gardens

Details
APN 4073065258280
Property Type Hospitality, Mixed Use (+1)
Sub Type Single Family Rental Portfolio
Square Footage 1,455
Units 4
Price per SqFt $210
Broker Co-Op Yes
Class D
Year Built 1900
Year Renovated 2000,2025
Buildings 3
Stories 2
Acreage 0.950
Zoning C-1
Investment Type Redevelopment
Occupancy Date 04/20/2026
Ownership Fee Simple

Redevelopment finish to suit investment opportunity in Ruidoso NM

Marketing description

Excellent investment property opportunity. Finish to suit Triplex, possible 4 unit residential rental and/or commercial on one of the very few commercial (C1) zoned properties on Paradise Canyon in Ruidoso, NM near the Rio Ruidoso. Owner has begun remodeling construction on the 3 units. One unit is a studio casita near completion. The other is a two level. Upstairs and downstairs units are separate with one bedroom and bath. There is another unit requiring remodel and another multi use storage building. Current units are separately metered for electric. Separate gas meters. Single water-sewer meter. Ample parking. property is not flood damaged according to seller. Buyer to independently verify all documents, floodway , zoning, building code. Possible Seller Financing

Investment highlights

Value Added. Affordable housing, Nightly rentals C-1 Commercial Business

Listing Contacts

EH
NM NM #19925
RE/MAX Classic Realty
RE/MAX Classic Realty
Listed by RE/MAX Classic Realty

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Additional Information

Name
Eugene Heathman
License
NM #19925
Brokerage
RE/MAX Classic Commercial Group
Title
Qualifying Broker
Brokerage Address
2805 Doral Court
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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