6 Unit Commercial Property Zoned C 2 FSBO in Ruidoso NM

Property Description

Direct Riverfront Property with 6 Rental Units For Sale by Owner in Ruidoso, NM – Zoned C 2 Commercial, 8–9% CAP Rate, Income-Producing Opportunity Don’t miss this rare riverfront real estate investment opportunity in the heart of Ruidoso, NM offered For Sale by Owner (FSBO).
This versatile 6-bedroom, multi-unit property includes a freestanding riverfront house on a private 70+ foot direct river frontage lot, a 4 plex, and a detached residence with an attached laundry and storage room all on a highly desirable C 2 commercial-zoned lot.
Perfectly located along the river, this fully leased property boasts 100% occupancy with a waitlist, generating 8 to 9% CAP rate "as is", with stable cash flow and high rental demand.
The C 2 zoning offers flexibility for redevelopment or expansion, making it ideal for a range of uses including: Airbnb or short-term rentals Bed & Breakfast or boutique hotel Long-term residential units Townhouse or condo development Retail, office, or other commercial uses The freestanding riverfront house allows an owner to live on-site while using the 5 other rental units to cover all property expenses, effectively living mortgage-free.
Owner may assist with 1031 exchange and/or carry partial financing with a strong down payment.

Details & Amenities

Property Address

618 Sudderth Dr, Ruidoso, NM 88345, USA, City - Lincoln County