501 4th W Unit A-E, Dexter, NM 88230

Property Description

Six units with an established rental history in the heart of Dexter! This unique investment property consists of two duplex buildings-four approximately 1,006 sq. ft. units-plus two detached residences of approximately 2,156 sq. ft. and 936 sq. ft. Five of the six units have undergone extensive renovations, including updated flooring, bathrooms, cabinetry, electrical and lighting, fascia, vaulted and special touches to add character and style. Vaulted ceilings enhance the renovated interiors, giving these residences an open, spacious feel rarely associated with traditional multifamily housing. Set within their own dedicated parking area, the property offers a residential atmosphere in the small agricultural community of Dexter, New Mexico. An established tenant history adds another dimension to this opportunity. Some residents have made these home for more than a decade. With six individual residences, substantial improvements already completed, and only one remaining unit awaiting renovation, this property presents an opportunity for an investor to step into an established rental property while retaining additional value-add potential.