For Sale Multi-Family MLS# 26001347

501 4th St #A-E

Dexter, NM 88230

$750,000

Listing Office

OfficeREMAX First Place Realtors Roswell
AgentWendie Marley

About 501 4th St #A-E

Six units with an established rental history in the heart of Dexter! This unique investment property consists of two duplex buildings-four approximately 1,006 sq. ft. units-plus two detached residences of approximately 2,156 sq. ft. and 936 sq. ft. Five of the six units have undergone extensive renovations, including updated flooring, bathrooms, cabinetry, electrical and lighting, fascia, vaulted and special touches to add character and style. Vaulted ceilings enhance the renovated interiors, giving these residences an open, spacious feel rarely associated with traditional multifamily housing. Set within their own dedicated parking area, the property offers a residential atmosphere in the small agricultural community of Dexter, New Mexico. An established tenant history adds another dimension to this opportunity. Some residents have made these home for more than a decade. With six individual residences, substantial improvements already completed, and only one remaining unit awaiting renovation, this property presents an opportunity for an investor to step into an established rental property while retaining additional value-add potential.

Property details

Property

Type
Multi Unit 5+
MLS type
Residential
Status
Active
Year built
1980
Living area
6,044 sqft
Price / sqft
$124
Lot
1.32 AC / 57,499 SF
Original price
$750,000
MLS #
26001347

Interior

Features
,
Flooring
Carpet, Hardwood, Tile
Heating
Electric

Exterior & lot

Roof
Shingle

Utilities

Utilities
Water - City
Water
City

Financial

Annual tax
$1,948
Parcel
4-145-076-318-114-00
Legal
Subd: BURR Block: 8 Lot: S163.41FT N379.78FT W278.33FT/S53.63FT N270FT E140FT AKA TR 3 ON SURVEY BK S10 PG 70 BK:802 PG:477 WDJT (REC)

Location

County
Chaves

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Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.