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Investment Highlights

  • Finish to Suit
  • Mountain community
  • Multiple affordable housing or nightly rentals

Executive Summary

Excellent investment property opportunity. Finish to suit Triplex, possible 4 unit residential rental and/or commercial on one of the very few commercial (C1) zoned properties on Paradise Canyon in Ruidoso, NM near the Rio Ruidoso. Owner has begun remodeling construction on the 3 units. One unit is a studio casita near completion. The other is a two level. Upstairs and downstairs units are separate with one bedroom and bath. There is another unit requiring remodel and another multi use storage building. Current units are separately metered for electric. Separate gas meters. Single water-sewer meter. Ample parking. property is not flood damaged according to seller. Buyer to independently verify all documents, floodway , zoning, building code. Possible Seller Financing

Property Facts

Price $416,093 CAD
Price Per Unit $104,023 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 4
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.76 AC
Building Size 1,622 SF
Average Occupancy 0%
No. Stories 2
Year Built/Renovated 1976/2024
Parking Ratio 4.93/1,000 SF
Zoning C-1 - • Neighborhood commercial zoning • Multi-family up to 6 units • Mini warehouse usage (size limit requirements) • Storage • Retail

Amenities

Unit Amenities

  • Air Conditioning
  • Storage Space
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Patio
  • Porch

Site Amenities

  • 24 Hour Access
  • Picnic Area

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 - -
1+1 2 - -
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
4073065232273000000
Land Assessment
$15,177 CAD
Improvements Assessment
$25,163 CAD
Total Assessment
$40,341 CAD
  • Listing ID: 40215815

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 138 Paradise Canyon Dr, Ruidoso, NM 88345

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