This versatile, income-generating property in Socorro is a fantastic investment opportunity with immediate rental income and significant development potential. Situated on a 26,310 square foot lot at the intersection of Socorro Road and Dini Rozi Road, this property includes four 560 sq. ft. 1-bedroom, 1-bathroom units, plus a mobile home in the back that currently generates additional income. • 4 Multifamily Units: Each unit is 560 sq. ft. with 1 bedroom and 1 bathroom, offering a comfortable living space for tenants and a steady stream of rental income. • Mobile Home: Located at the back of the property, the mobile home provides additional rental income or can be removed to make way for future development. • Land Size: 26,310 square feet, offering ample space for current and future tenants.Expansion opportunity: The property comes with approved architectural and structural plans by Socorro’s Historical Landmark Commission to build 5 additional units, each 660 sq. ft. with 2 bedrooms and 1 bathroom. These units could be developed in the back of the lot, subject to removing the existing mobile home, making the property even more attractive for long-term investment and development. This property offers a unique combination of immediate rental income and the ability to expand and increase value. Whether you're a seasoned investor or looking for your first multifamily opportunity, this is a must-see!