Red River NM Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
7,000
Status:
Active
Beds:
4
Lot size:
0.19 Acres
Year built:
1950
Baths:
4.00
MLS#:
1072539
Subdivision:
Red River Townsite

ADDITIONAL INFORMATION

This is an amazing investment opportunity! Check out this 14-room working lodge in the historic town of Red River on Main Street. In addition to the 14-rooms that can be rented out nightly, the property also has a 1500 sq ft owner suite to enjoy year-round. For growth purposes, the owner's suite could possibly be turned into more units. The property has 4 queen single rooms, 8 kitchenette rooms and 1 2-bedroom apartment across two floors that could be rented out nightly, weekly, or monthly depending on your future clients' needs. All FF&E, land and property conveys with sale. Large attached warehouse space is unused and also could be converted. Owner financing is available. If you've ever wanted to own and operate a lodge in a beautiful ski town here is your opportunity!

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Andrea Conner License # 20396 Xome Inc. License # 09022, [email protected] 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


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Red River Real Estate

The median home value in Red River, NM is $317,600. This is lower than the county median home value of $378,800. The national median home value is $338,100. The average price of homes sold in Red River, NM is $317,600. Approximately 9.8% of Red River homes are owned, compared to 17.36% rented, while 72.84% are vacant. Red River real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Red River real estate agent to arrange a tour today!

Red River, New Mexico has a population of 675. Red River is less family-centric than the surrounding county with 9.03% of the households containing married families with children. The county average for households married with children is 14.47%.

The median household income for the surrounding county is $49,481 compared to the national median of $69,021. The median age of people living in Red River is 33.5 years.

Red River Weather

The average high temperature in July is 76.9 degrees, with an average low temperature in January of 5.6 degrees. The average rainfall is approximately 21.1 inches per year, with 122.9 inches of snow per year.

Red River Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    38
    30-day change

Red River Schools and Demographics

Education near Red River, NM

Metric City County
High School Graduates 96.64 92.11
College Degree - 2 year 14.29 9.19
College Degree - 4 year 32.56 32.55
Graduate Degree 8.82 10.7
Expenditures per Student 15,149 15,149
Students per Teacher 12.1 12.1

Elementary Schools near Red River, NM

School Grades Students P/T Ratio ZIP
Alta Vista Elementary School PK - 03 92 12.6 87556
Eagle Nest Elementary School PK - 04 100 11.9 87718
Red River Valley Charter School KG - 08 85 11.3 87558
Roots & Wings Community School KG - 08 42 11.2 87556

Middle Schools near Red River, NM

School Grades Students P/T Ratio ZIP
Alta Vista Intermediate School 04 - 06 53 13.6 87556
Eagle Nest Middle School 05 - 08 75 13.6 87718
Questa Junior High School 07 - 08 57 11.3 87556

High Schools near Red River, NM

School Grades Students P/T Ratio ZIP
Questa High School 09 - 12 129 13 87556

Demographics near Red River, NM

Metric City County
Neighborhood Type Small town
Population 675 34,322
Population Density 665 16
Median Age 33.5 49.4
People per Household 2.7 2.6
Median Household Income N/A 49,481
Average Income per Capita 31,732 31,837