Discover this fantastic investment opportunity in Socorro! This property features four separate rental units, each with 2 bedrooms and 1 bathroom. All utilities are metered separately, ensuring efficient management. Each unit is privately fenced and has been recently remodeled, providing a fresh and inviting atmosphere. Enjoy excellent monthly rental income, all just minutes from NMTech University. Don't miss out on this prime location and income potential!
The median home value in Socorro, NM is $158,200. This is higher than the county median home value of $153,900. The national median home value is $338,100. The average price of homes sold in Socorro, NM is $158,200. Approximately 45.99% of Socorro homes are owned, compared to 23.74% rented, while 30.26% are vacant. Socorro 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 Socorro real estate agent to arrange a tour today!
Socorro, New Mexico has a population of 8,553. Socorro is more family-centric than the surrounding county with 30.28% of the households containing married families with children. The county average for households married with children is 26.07%.
The median household income in Socorro, New Mexico is $45,142. The median household income for the surrounding county is $38,242 compared to the national median of $69,021. The median age of people living in Socorro is 36.1 years.
The average high temperature in July is 93.2 degrees, with an average low temperature in January of 21.3 degrees. The average rainfall is approximately 10.4 inches per year, with 5.5 inches of snow per year.