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102 Mexican ave 6 Unit Apartment Building $1,250,000 ($208,333/Unit) Cloudcroft, NM 88317
Investment Highlights
- Walking distance to shopping & restaurants
- Been extensively renovated between 2021 and 2023
Executive Summary
Introducing Osha Trail Lodging – A Turnkey Mixed-Use Investment Opportunity in the Heart of Cloudcroft, New Mexico
Located just steps from the shops, restaurants, and attractions of historic Burro Street, Osha Trail Lodging offers investors a rare opportunity to own a fully renovated, income-producing mixed-use property in one of southern New Mexico's most desirable mountain destinations. Cloudcroft continues to attract visitors year-round with its cool climate, hiking, mountain biking, skiing, hunting, and vibrant downtown atmosphere.
The 8,322-square-foot property underwent extensive renovations between 2021 and early 2024, blending modern amenities with the charm expected of a mountain lodge.
Property Features
Six Nightly Rental Suites
Designed to accommodate a variety of travelers:
Unit 1 – 2 Bedroom / 2 Bathroom
Unit 2 – 1 Bedroom / 1 Bathroom
Unit 3 – Two-Story, 2 Bedroom / 2 Bathroom
Unit 4 – 1 Bedroom / 2 Bathroom (ADA compliant)
Unit 5 – 2 Bedroom / 2 Bathroom
Unit 6 – 1 Bedroom / 1.5 Bathroom
Guests also enjoy a shared laundry facility, with a separate dedicated laundry area for housekeeping operations.
Leased Retail Space
The retail space is currently leased, providing dependable rental income and enhancing the property's diversified revenue stream.
Leased Market/Grocery Space
The former heated garage has been professionally converted into a market/grocery space and is currently leased, creating an additional long-term income source while serving both visitors and the local community.
Storage Units
Six storage units provide supplemental income potential, with three units currently leased and additional upside available through leasing the remaining units.
Investment Highlights
Multiple established income streams
Renovated throughout (2021–early 2024)
Prime walkable downtown Cloudcroft location
Diverse revenue mix from nightly lodging, commercial tenants, and storage rentals
Opportunity for future income growth through remaining vacant storage units
Commercial/Industrial land use per Otero County Assessor
Whether you're expanding an investment portfolio, pursuing the hospitality industry, or seeking a unique mountain commercial property with both short-term and long-term income, Osha Trail Lodging offers an exceptional combination of location, flexibility, and proven revenue potential.
Located just steps from the shops, restaurants, and attractions of historic Burro Street, Osha Trail Lodging offers investors a rare opportunity to own a fully renovated, income-producing mixed-use property in one of southern New Mexico's most desirable mountain destinations. Cloudcroft continues to attract visitors year-round with its cool climate, hiking, mountain biking, skiing, hunting, and vibrant downtown atmosphere.
The 8,322-square-foot property underwent extensive renovations between 2021 and early 2024, blending modern amenities with the charm expected of a mountain lodge.
Property Features
Six Nightly Rental Suites
Designed to accommodate a variety of travelers:
Unit 1 – 2 Bedroom / 2 Bathroom
Unit 2 – 1 Bedroom / 1 Bathroom
Unit 3 – Two-Story, 2 Bedroom / 2 Bathroom
Unit 4 – 1 Bedroom / 2 Bathroom (ADA compliant)
Unit 5 – 2 Bedroom / 2 Bathroom
Unit 6 – 1 Bedroom / 1.5 Bathroom
Guests also enjoy a shared laundry facility, with a separate dedicated laundry area for housekeeping operations.
Leased Retail Space
The retail space is currently leased, providing dependable rental income and enhancing the property's diversified revenue stream.
Leased Market/Grocery Space
The former heated garage has been professionally converted into a market/grocery space and is currently leased, creating an additional long-term income source while serving both visitors and the local community.
Storage Units
Six storage units provide supplemental income potential, with three units currently leased and additional upside available through leasing the remaining units.
Investment Highlights
Multiple established income streams
Renovated throughout (2021–early 2024)
Prime walkable downtown Cloudcroft location
Diverse revenue mix from nightly lodging, commercial tenants, and storage rentals
Opportunity for future income growth through remaining vacant storage units
Commercial/Industrial land use per Otero County Assessor
Whether you're expanding an investment portfolio, pursuing the hospitality industry, or seeking a unique mountain commercial property with both short-term and long-term income, Osha Trail Lodging offers an exceptional combination of location, flexibility, and proven revenue potential.
Property Facts
| Price | $1,250,000 | Building Class | B |
| Price Per Unit | $208,333 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 8,322 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1997 |
| Property Subtype | Apartment | Parking Ratio | 0.6/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,250,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 8,322 SF |
| No. Stories | 2 |
| Year Built | 1997 |
| Parking Ratio | 0.6/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R035186 | Improvements Assessment | $185,134 |
| Land Assessment | $25,010 | Total Assessment | $210,144 |
Property Taxes
Parcel Number
R035186
Land Assessment
$25,010
Improvements Assessment
$185,134
Total Assessment
$210,144
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102 Mexican ave