508 S 3rd St - Apartments FOR SALE


Tucumcari, NM 88401
$395,000 USD
940-206-7223

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$395,000 USD
Apartments - FOR SALE
null | Request Cap Rate

508 S 3rd St
Tucumcari, NM 88401


HIGHLIGHTS

  • Potential for adaptive reuse or conversion into multi-unit rental property.
  • Opportunity for value-add renovations to increase property performance.

OVERVIEW

his expansive property in Tucumcari, New Mexico, offers a unique opportunity for residential or potential adaptive reuse. Built in 1945, the home spans approximately 3,811 square feet and sits on a 0.33-acre lot. Featuring eight bedrooms and five bathrooms, the property provides ample space for large households, group living arrangements, or conversion into a multi-unit rental property. The structure includes a concrete foundation, frame/stucco exterior, and a composition shingle roof, ensuring durability and long-term value. Located in Quay County, the property benefits from its central location within Tucumcari, offering convenient access to local schools, retail, and community amenities. With its generous size and flexible layout, this asset is ideal for investors or owner-occupants seeking to customize a property to meet specific needs. Opportunities exist for value-add improvements to enhance functionality and market appeal.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,404 SF

ZONING

-

APN/PARCEL ID

R909509

ASK ABOUT THIS PROPERTY

Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

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Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.