Look no further than this fully occupied 12-unit complex in the heart of the hot springs district of Truth or Consequences, NM. This complex features six studio apartments, five one bedroom apartments, and one three bedroom apartment, providing a variety of living options for tenants. With an on-site property manager and laundry facilities, this complex offers convenience and comfort for both tenants and property owners!
But what truly makes this property stand out is its prime location. Walking distance to downtown shopping, restaurants, art galleries, hot springs, and the local brewery, tenants have access to all the amenities that the area has to offer. Plus, being located near the Rio Grande provides plenty of opportunities for outdoor recreation and relaxation.
The hot water district of Truth or Consequences is known for its hot springs and healing water, making it a popular tourist destination. This means that there is a constant demand for housing in the area making it an ideal location for real estate investment.
With all units fill occupied, this property is already generating steady income for its owner. And with the potential for rental rate increases and the opportunity to attract both long-term and short term tenants, there is plenty of room for growth and increased profitability.
This 12 unit complex is an excellent real estate investment opportunity. With it’s prime location, variety of living options, and on-site amenities this property is sure to provide both steady income and long term growth potential.