Charming and versatile in-town investment property near Mechem and Midtown! This site-built home has been converted into two separate, fully furnished living spaces: a modern studio apartment and a remodeled 2-bed, 1-bath apartment. Each unit features a private deck/patio, parking, and stylish interior updates, creating a comfortable and efficient living experience for tenants, full-time residents, or weekend visitors. Both units are currently rented on month-to-month leases, generating over $2,000/month in rental income. The lot extends up the hill, offering potential for an additional build site. Close to restaurants, bars, shopping, and employment hubs, this property offers an ideal blend of convenience and income potential in the heart of Ruidoso. Located just moments from Mechem Drive and Midtown, this versatile in-town property offers exceptional rental income and future potential. The home has been thoughtfully converted into two separate, fully furnished living spaces: a modern studio apartment and a remodeled 2-bedroom, 1-bath unit. Both feature stylish and efficient interior updates, private deck/patio spaces, and dedicated parking.
Currently generating over $2,000 per month with month-to-month tenants, this property is an excellent investment for rental income, a primary residence with a rental option, or a weekend retreat. The lot extends up the hill to the street above, creating an opportunity for an additional home, modular, or manufactured unit.
The visible exterior damage at the front of the home existed before the current owner purchased and appears to be cosmetic. While it has not been a priority for repair, the stucco and rock siding could be refreshed to enhance curb appeal. The owners have put extensive work into creating a desirable space for two tenants while maintaining the property's long-term potential.
With its prime location near restaurants, bars, shopping, and workplaces, this property delivers the ultimate in-town living experience with income-producing potential. Don't miss out on this unique opportunity in the heart of Ruidoso!
