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508 S 3rd St Apartment Building $395,000 Tucumcari, NM 88401
Investment Highlights
- Potential for adaptive reuse or conversion into multi-unit rental property.
- Opportunity for value-add renovations to increase property performance.
Executive Summary
his expansive property in Tucumcari, New Mexico, offers a unique opportunity for residential or potential adaptive reuse. Built in 1945, the home spans approximately 3,811 square feet and sits on a 0.33-acre lot. Featuring eight bedrooms and five bathrooms, the property provides ample space for large households, group living arrangements, or conversion into a multi-unit rental property. The structure includes a concrete foundation, frame/stucco exterior, and a composition shingle roof, ensuring durability and long-term value.
Located in Quay County, the property benefits from its central location within Tucumcari, offering convenient access to local schools, retail, and community amenities. With its generous size and flexible layout, this asset is ideal for investors or owner-occupants seeking to customize a property to meet specific needs. Opportunities exist for value-add improvements to enhance functionality and market appeal.
Located in Quay County, the property benefits from its central location within Tucumcari, offering convenient access to local schools, retail, and community amenities. With its generous size and flexible layout, this asset is ideal for investors or owner-occupants seeking to customize a property to meet specific needs. Opportunities exist for value-add improvements to enhance functionality and market appeal.
Property Facts
| Price | $395,000 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 3,811 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1945 |
| Building Class | B | Tenancy | Single |
| Price | $395,000 |
| Sale Type | Investment |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 3,811 SF |
| No. Stories | 1 |
| Year Built | 1945 |
| Tenancy | Single |
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Property Taxes
| Parcel Number | R909509 | Improvements Assessment | $0 |
| Land Assessment | $2,403 | Total Assessment | $2,403 |
Property Taxes
Parcel Number
R909509
Land Assessment
$2,403
Improvements Assessment
$0
Total Assessment
$2,403
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508 S 3rd St
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