10 Ranger Sta RdMountainair, NM 87036

This exceptional investment opportunity presents a 10-acre lot in Mountainair, New Mexico, featuring a single-family rental property. Located at 10 Ranger Station Rd, 87036, this Class C multifamily property is listed at $165,000. The property consists of one building with a single unit. While the condition of the existing structure is undetermined, the expansive 10-acre lot offers significant potential for future development or expansion. This is a unique opportunity for investors seeking a property with considerable land. The seller is open to financing options, offering a 7-year fixed-rate loan at 7% APR with a 40% down payment. The property's geographic coordinates are 34.5211836 latitude and -106.2547426 longitude, situated within Torrance County. This presents a compelling investment prospect in a growing area, ideal for those seeking a hands-on project with substantial upside potential. The property's current cap rate is listed as 0.00%, however, this is subject to change based on future development and rental income. Serious inquiries are encouraged to explore this unique opportunity further. The property is zoned for multifamily use.