Red River NM Multi Family for Sale
$1,500,000
1301 Main Street Red River, NM 87558
- 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
View additional info
Courtesy: Coldwell Banker Legacy
505-892-1000
505-252-1162
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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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 87558 has a population of 675. Red River 87558 is less family-centric than the surrounding county with 7.44% 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 87558 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.