Duplex & Multi Family For Sale in Escondida, NM

Strong, cash-flowing triplex offering immediate in-place income for the savvy investor. You can't beat the price. This well-located rental property grosses $2,000/month in market rent and comes with a bonus additional lot -- ideal for off-street parking or future unit expansion.Property Highlights: Three (3) 1-bedroom / 1-bathroom units, each featuring its own kitchen, living area, and small private yard -- offering tenants a sense of privacy rarely found in multi-unit properties. Additional adjacent lot included, providing flexibility for off-street parking or potential development of additional rental units -- a valuable upside for future value-add investors. Unbeatable location -- walking distance to the historic Socorro Plaza and all the dining, shopping, and entertainment it offers. New Mexico Tech -- easy walking or biking distance to campus makes this a magnet for steady student and faculty rental demand. Square footage estimated; buyer to verify if material to decision. Offered AS-IS -- a solid opportunity for an investor seeking reliable, in-place income from day one.Please do not disturb tenants. All showings and inquiries by appointment only, respecting current occupants.This is a rare opportunity to acquire a stabilized, income-producing asset in one of Socorro's most desirable rental corridors -- close to everything that makes this growing community special, from its vibrant plaza culture to its ties with NM Tech's thriving academic and research community.

Great investment opportunity !!! Property is being sold in as-is condition. galvanized water pipes in apartments need replacement. Owner financing available with minimum $40,000 down. Property includes 3 - 1 bedroom 1 bath apartments, mobile home with 2 bedrooms 1 bath and two RV spots with utility hookups. Mobile Home will convey by bill of sale and title transfer between seller and buyer.

Historic multi-unit opportunity in Socorro, NM! Three buildings are being sold together, offering up to seven possible units and exceptional potential for investors or restoration enthusiasts. The main building, originally built in 1893, showcases many original architectural features that reflect the craftsmanship and charm of the era. From historic details to classic design elements, this property offers a rare opportunity to restore and preserve a truly special piece of Socorro's heritage.The property was listed on the National Register of Historic Places in 1991, further highlighting its historical significance. With multiple units across the property, this is a unique chance to revitalize a historic landmark while creating income-producing opportunities.