40-Unit Mountain-View Apartment Complex: Sale, JV, or Partner Buy-In - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
🏠
40-Unit Apartment Complex with Expansion Land in Ruidoso, NM
Ruidoso, NM, US
Added 1 month ago
Apartment Complex Real Estate
66 years in business
This listing is for a 40-unit apartment complex on 5.5 acres with an adjacent 3.5-acre parcel in Ruidoso, New Mexico, offering long-term residential leases and potential for expansion or redevelopment.
Key Information
Asking
$5.4M
Revenue
$463K
Earnings
$373K
Multiple
14.6x
Key Highlights
- 40-unit apartment complex situated on 5.5 acres in Ruidoso, New Mexico, with an adjacent 3.5-acre parcel included
- Current occupancy is approximately 80%, with historical occupancy near 100%
- Net operating income (NOI) is approximately $372,000 annually at a 6.8% cap rate
- Property includes 28,456 square feet of leasable space, a 2,236 sq ft lobby/office, a 2,400 sq ft storage building, and an on-site coin-operated laundry room
- Potential to add approximately 20 more units on excess flat, buildable land
- Current annual property taxes are approximately $8,000
- Years established: 66
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence