1804 E College Blvd - Retail FOR SALE


Roswell, NM 88201
$945,000 USD
575-637-6611
1804 E College Blvd, Roswell, NM for Sale
$945,000 USD
Retail - FOR SALE
1/169
null | Request Cap Rate

1804 E College Blvd
Roswell, NM 88201


HIGHLIGHTS

  • 3 INCOME GENERATING LEASES AND A 3888 SQ FT HOME TO LIVE IN.

OVERVIEW

"You can get away, without going away" by being nestled in this serene property on the Spring River, this property boasts a Santa Fe style main home that exudes timeless charm. Step inside to discover the showplace of the homean impressive room wide custom-built Kiva Fireplace that commands attention with its rustic allure. The main home has an expansive 3,888 total sq. ft., the main residence offers a sanctuary of comfort and style. As if that werent enough, a separate guest quarters, that consist of approximately 1,100 sq. ft of the main home area, ensures ample space for visitors or renters to indulge in the tranquility of this retreat. Prepare to be enchanted by the abundant wildlife and exotic birds that call this oasis home. Here, fishing, hunting, and a riverbank await, promising unforgettable moments of connection with nature. But the allure doesnt end there. Three additional income generating homes grace the property, each offering its own unique charm and character. The first home The Glen Getaway boasts 1,092 sq. ft. of living space that includes the meeting room, while the second and third homes offer 768 sq. ft. and 555 sq. ft. respectively. Totaling an impressive 6,303+- sq. ft. according to the Tax Office, this property presents a myriad of opportunities. Currently generating $3,200 in income from the three rental homes, the potential for additional revenue from leasing the separated guest quarters in the main home is substantialprojected at well over $4,000 per month at the current leases. Farming income is also projectable income. Adding to its appeal, the property has a designated 5+- acres of, (on or around year 1908), Senior Artesian Water Rights as per owners that will insure a sustainable water source for the land. A well, installed within the last two years as per the sellers, provides further peace of mind, offering reliability and efficiency. This property has an expensive underground water system for irrigation with an impressive (11) eleven water valve risers for full irrigation coverage as per the sellers. For prospective buyers, the convenience continues. The leased houses will be sold fully furnished, streamlining the transition for those looking to capitalize on the rental income opportunity. At the time of the listing all homes were leased. However, its important to note that a Special Use Permit is required from the Chaves County Extra Territorial Zoning every 3 years to utilize it as a retreat center and a community garden. Buyers must obtain this provision to ensure compliance with local regulations. For detailed information and approval procedures, please consult the local Chaves County ETZ authorities. In summary, this property represents more than just a residenceits a sanctuary, a retreat, and for unforgettable memories. Dont miss your chance to own this slice of paradise so you can "You can get away, without going away".

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1804 E COLLEGE BLVD, ROSWELL NM 88201

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.26 AC

LAND SF

403,540 SF

ZONING

-

APN/PARCEL ID

R007907

ASK ABOUT THIS PROPERTY

Neal LevenBerkshire Hathaway Enchanted Lands RealtorsMore Info
575-637-6611

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Neal LevenBerkshire Hathaway Enchanted Lands RealtorsMore Info
575-637-6611

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