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35 Cottage Row 3 Unit Apartment Building $588,000 ($196,000/Unit) High Rolls Mountain Park, NM 88325



INVESTMENT HIGHLIGHTS
- Prime Location & Easy Access~ This mountain oasis is easily accessible on paved roads and located in a peaceful, walkable neighborhood.
- Secluded Yet Convenient
- Just minutes from numerous ‘Rails to Trails’ walks/hikes
EXECUTIVE SUMMARY
Turnkey Mountain Income Property...2 Homes & RV space in High Rolls, NM. Nestled in the breathtaking Sacramento Mountains, this rare and versatile investment property in High Rolls, NM offers peace, privacy, and proven income potential. Featuring two beautifully built modern homes and a privately fenced RV space, this turnkey opportunity is perfect for investors, Airbnb hosts, or anyone dreaming of a mountain getaway with income on the side. Property Highlights: Two Newly Constructed Homes~ Each home is thoughtfully designed with energy efficiency and quality in mind—featuring 2x6 construction, plywood sheathing, expanding foam insulation, and wood-clad windows and doors. Inside, enjoy open-concept layouts with high-end modern finishes, full kitchens with premium appliances, W/D hookups, and inviting scenic mountain views. RV-Ready Income Bonus~ A fully fenced RV area with full hookups, offers even more potential for rental income. (Note: vintage trailer pictured does not convey.) Prime Location & Easy Access~ This mountain oasis is easily accessible on paved roads and located in a peaceful, walkable neighborhood. Post Office, Country Market, Senior Center and High Rolls Volunteer Fire Dept all within walking distance. Just minutes from numerous ‘Rails to Trails’ walks/hikes. Cloudcroft & Alamogordo are both within 10 miles on a beautiful scenic hwy, and most amazing ~ one of the Worlds Great Natural Wonders ~ White Sands NP is a ½ hour drive! High Rolls, NM is a favorite among hikers, nature lovers, and seasonal travelers. Endless Income Possibilities~ Whether you're interested in Airbnb, VRBO, glamping, or long-term rentals, this property is already generating income and offers multiple revenue streams. Outdoor Living & Relaxation~ Breathe in the cool mountain air and take in the natural beauty of your surroundings. Perfect for morning coffee on the deck or evening sunsets and stargazing. Secluded Yet Convenient~ Enjoy the best of both worlds—tranquility and privacy with quick access to shopping, dining, and recreational destinations. Whether you're expanding your portfolio or seeking a lifestyle upgrade, this rare opportunity in High Rolls, NM offers the best of both worlds: passive income potential and peaceful mountain living surrounded by the natural beauty that gives New Mexico its nickname, "The Land of Enchantment," this property invites you to invest in more than real estate—it’s a chance to own a piece of the mountain lifestyle.Owner Financing option available!
PROPERTY FACTS
| Price | $588,000 | Apartment Style | Low-Rise |
| Price Per Unit | $196,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| No. Units | 3 | Building Size | 1,700 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2024 |
| Zoning | OCL - Outside City Limits | ||
| Price | $588,000 |
| Price Per Unit | $196,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 1,700 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | OCL - Outside City Limits |
AMENITIES
UNIT AMENITIES
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | R030294 | Improvements Assessment | $0 |
| Land Assessment | $5,138 | Total Assessment | $5,138 |
PROPERTY TAXES
Parcel Number
R030294
Land Assessment
$5,138
Improvements Assessment
$0
Total Assessment
$5,138
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35 Cottage Row
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