Fabulous riverfront location with 6 residential units (3 buildings including an ~1100SF riverfront home on large ~70’ private riverfront lot, a 4-plex and an additional detached residence with attached laundry and storage room), 100% leased with a waitlist, C-2 commercial zoning allows for additional options. Includes beautiful freestanding riverfront house on 70+‘ direct river frontage. 8-9% CAP Rate “as is”. Can live in riverfront house essentially for free and utilize other 5 rental units to cover all property costs. May assist with 1031 exchange, and/or carry partial financing with significant down payment. Note: Village of Ruidoso has re-numbered the Sudderth addresses and this property was previously known as 618 Sudderth Drive. Also available: 612 Sudderth Drive (Village of Ruidoso previously used 620 Sudderth as address) with 9-12 units, at $1,100,000. What the seller loves about this home: Beautiful riverfront location, friendly tenants, numerous commercial/residential options, consistent cash flow and high demand. Can become Airbnb or Bed & Breakfast, nightly hotels, short or long-term apartments, new townhouse/condominiums, or various commercial options. Listed by: Property Owner (310) 617-5091
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