This is a rare opportunity to acquire a 40-unit apartment complex situated on 5.5 acres of mountain-view land in Ruidoso, New Mexico, in the Sierra Blanca area. The offering includes an adjacent 3.5-acre panoramic-view parcel, giving a buyer significant additional land and flexibility beyond the existing operating units.

The property is zoned C-1 Commercial and includes a 2,300 square-foot lobby and a 2,000 square-foot indoor storage building (formerly an in-ground pool), in addition to the 40 residential units. Excess flat, buildable land on the site is suitable for adding approximately 20 more units, offering a clear path to scale the asset without acquiring additional acreage.

Beyond the real estate itself, the sale includes an established website and domain with existing traffic, plus additional billboard signage, including a high-visibility, electrified billboard location at a major area intersection that could be converted into a multi-sided or digital display, creating an additional income stream.

Ruidoso is a mountain resort community in south-central New Mexico, known for skiing, golf, and year-round tourism, and this property benefits from strong visibility along a well-traveled area corridor. The current owner has generated cash flow from the operating units to date while retaining significant untapped upside, including potential expansion, conversion of some or all units to townhouses, remodeling for senior living use, or conversion to nightly/short-term rentals to capture the area's tourism demand.

The seller will consider multiple deal structures: a 100% sale of the real estate, a sale of the ownership entity (which carries a grandfathered, favorable property tax basis), or a joint venture. The seller will also assist a buyer with a 1031 exchange, and will consider partial seller financing on a first or second deed of trust to a qualified buyer.

Contact us today to learn more about this opportunity and request additional information.