2335 Broadway StTruth or Consequences, NM 87901

  • Hospitality properties
For Sale
$625,000 View listing

Property Details for 2335 Broadway St

Property type
Hospitality properties
Property subtype
Multifamily properties

Description

Exceptional investment opportunity: a 24-space RV park in Truth or Consequences, New Mexico, priced at $625,000. This Class B property boasts a current NOI of $48,643 and a pro-forma NOI of $60,113, representing a 7.78% cap rate and a pro-forma cap rate of 9.62%. The park features 24 pads, each valued at approximately $26,042. Located at 2335 S Broadway St, Truth or Consequences, NM 87901, this property benefits from its proximity to local amenities and attractions, including hot springs and Elephant Butte Lake, supporting year-round occupancy. The property includes a 30x40 foot shop building with potential for additional income streams through rental, a laundry facility, or other value-added services. The current vacancy rate presents an opportunity to increase profitability. An assumable loan with a 5% interest rate and a 13-year term, with a monthly payment under $1300 and approximately $145,000 remaining balance, is available. This property is situated in an Opportunity Zone. Serious inquiries only.

2335 Broadway St, Truth or Consequences, New Mexico

Location Insight

City
Truth or Consequences
County
Sierra
State
New Mexico
Latitude
33.123
Longitude
-107.279

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