Property Description

Strong, cash-flowing triplex offering immediate in-place income for the savvy investor. You can't beat the price. This well-located rental property grosses $2,000/month in market rent and comes with a bonus additional lot -- ideal for off-street parking or future unit expansion.Property Highlights: Three (3) 1-bedroom / 1-bathroom units, each featuring its own kitchen, living area, and small private yard -- offering tenants a sense of privacy rarely found in multi-unit properties. Additional adjacent lot included, providing flexibility for off-street parking or potential development of additional rental units -- a valuable upside for future value-add investors. Unbeatable location -- walking distance to the historic Socorro Plaza and all the dining, shopping, and entertainment it offers. New Mexico Tech -- easy walking or biking distance to campus makes this a magnet for steady student and faculty rental demand. Square footage estimated; buyer to verify if material to decision. Offered AS-IS -- a solid opportunity for an investor seeking reliable, in-place income from day one.Please do not disturb tenants. All showings and inquiries by appointment only, respecting current occupants.This is a rare opportunity to acquire a stabilized, income-producing asset in one of Socorro's most desirable rental corridors -- close to everything that makes this growing community special, from its vibrant plaza culture to its ties with NM Tech's thriving academic and research community.

Property Features