613-615 N Riverside Drive

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613-615 N Riverside Drive

Truth Or Consequences, NM 87901
Asking Price
$275K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Located at 613-615 N Riverside Drive in Truth or Consequences
  • Multifamily asset featuring two individual apartment units
  • Priced at $275,000 for the entire residential building
  • Positioned within the Sierra County regional residential market
  • Suitable for an investor focused on small-scale rentals

What's Special

Truth or Consequences functions as a quiet regional hub in Sierra County, New Mexico, benefiting from the area's natural geothermal attractions and steady local tourism. This multifamily apartment building at 613-615 N Riverside Drive presents a residential investment opportunity in this unique market. The asset consists of two distinct units, providing a manageable entry point for investors seeking a small-scale holding in the region. Given the ongoing interest in housing within smaller New Mexico municipalities, this property serves as a functional asset for long-term rental income. Prospective buyers can leverage the modest unit count for residential leasing strategies while capitalizing on the steady character of the surrounding community. This building represents a direct addition to a portfolio in an area defined by its proximity to the Rio Grande and regional transit routes.

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NOI
$80,000
Cap Rate
29.09%
DSCR
4.90
Strong
Cash-on-Cash
77.18%
Monthly Payment
$1,360.55
Annual Cash Flow
$63,673.401

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