610 N Pennsylvania Avenue

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610 N Pennsylvania Avenue

Roswell, NM 88201
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Two-unit apartment building located in Roswell, New Mexico.
  • Investment property situated at 610 N Pennsylvania Avenue.
  • Asset functions as a multifamily residential housing unit.
  • Located within the regional hub of Chaves County.
  • Property size consists of two distinct rental apartments.

What's Special

This two-unit apartment building located at 610 N Pennsylvania Avenue serves as a manageable investment asset within the Roswell multifamily market. The property provides a straightforward residential layout suitable for investors seeking a small-scale addition to their real estate portfolio or those interested in direct management. Roswell maintains a steady pace of activity as a regional commercial hub in southeastern New Mexico, benefiting from its role as a local service center for the surrounding agricultural and energy industries. The layout of this building allows for potential long-term rental income, appealing to the demand for consistent housing options in this growing municipal area. Proximity to local transportation routes and essential community services supports the ongoing utility of this asset for residents. Its compact footprint ensures it remains an accessible entry point for investors focusing on the multifamily sector in Chaves County.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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