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110 S. Ohio Roswell, NM

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Address: 110 S Ohio Ave, Roswell, NM 88201, USA

Phoenix & Southwest + Apartment Buildings

Created date: October 11, 2024

Date last updated: October 11, 2024

Roswell, less than 22 days away from an out of world experience to own these 10 units for $61,111!

Just 22 days are left to register for the zoom/tour on this property at http://www.nmapartment.com/ohio

On behalf of the owners, NM Apartment Advisors are excited to bring to the market a rare opportunity to redevelop the WestWood Apartments in Roswell, NM, the UFO capital of the world and dairy capital of the southwest. This extreme value-add redevelopment is the perfect opportunity to rebuild from the ground up a desirable apartment community in an established and thriving neighborhood.

The property is located along a central corridor in Roswell, just a few blocks from the New Mexico Military Institute, shops and restaurants, UFO tourism district, and so much more. An Albertson’s grocery store and gas station are located across the street. The property is an extreme value add and is a offered with a start price of $61,111 per $6,111 per unit or $11.40 per square foot. The 100% vacant property contains a 9 unit building with 8 x one bedrooms, one two bedroom and a separate one bedroom house.

Qualified Investors can register for the zoom tour and access to the confidential document center with the online confidentially agreement at www.nmapartment.com/ohio

25 page flyer at http://www.nmapartment.com/apt/NMAA-Ohio110s.pdf

Once renovated, and based on rents at 60% of AMI, the property’s income approach to value comes in at $696,542 while the comparable sales come in at $872,567.

Timelines:
Register for the confidential documents and property tour at http://www.nmapartment.com/ohio

– Attend the Zoom property tour at noon on Tuesday, October 29th, 2024 (no other showing times are available, so please do not request one outside this time frame).
– Offer deadline at 5pm on Thursday, October 31st 2024.

Do not miss out on this out of the world opportunity to reposition an apartment asset in an intergalactic market.

Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$61,111
No. of Units:	10
Year Built:	1960
Building Size:	5,358 Sq ft
Lot Size:	0.39 Acres
No. of Stories:	2
APN:	R023647, 4-135-062-054-071-000000
Zoning Code:	R-3
Buy Side Fee:	3%
Opportunity Zone:	No
Price per unit:	$6,111
Property Website	Click Here