700 E Riverside Dr Truth Or Consequences, NM 87901
Estimated payment $3,379/month
Highlights
- 0.63 Acre Lot
- No HOA
- Surveillance System
About This Home
Located at 700 E Riverside, this property presents a compelling investment opportunity. The offering includes five site-built units and one ground-set doublewide with three-bedroom, two bathrooms, potentially yielding a total of eight to nine rentable units. The unit mix comprises three one-bedroom, one-bathroom units, and three two-bedroom, one-bathroom units. Situated directly across from the Rio Grande River, the property is offered at $599,000.
Co-Listing Agent
House Agent Nnmls
NEW MEXICO MLS
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,700
Year Built
- Built in 1940
Lot Details
- 0.63 Acre Lot
Community Details
- No Home Owners Association
- 7 Units
Listing and Financial Details
- Assessor Parcel Number 3021078375501
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,251 | $89,753 | $23,617 | $66,136 |
| 2024 | $2,251 | $87,417 | $23,207 | $64,210 |
| 2023 | $2,251 | $57,484 | $19,980 | $37,504 |
| 2022 | $2,020 | $82,668 | $22,145 | $60,523 |
| 2021 | $1,531 | $57,813 | $20,309 | $37,504 |
| 2020 | $760 | $57,484 | $19,980 | $37,504 |
| 2019 | $1,506 | $57,484 | $19,980 | $37,504 |
| 2018 | -- | $47,130 | $10,653 | $36,477 |
| 2017 | -- | $43,562 | $10,340 | $33,222 |
| 2016 | -- | $43,562 | $10,340 | $33,222 |
| 2015 | -- | $43,562 | $10,340 | $33,222 |
| 2014 | -- | $43,562 | $10,340 | $33,222 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $599,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Sierra County Title Company | |
| Joint Tenancy Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $196,000 | Commercial | |
| Previous Owner | $131,250 | Future Advance Clause Open End Mortgage |
Source: New Mexico MLS
MLS Number: 20254387
APN: 3021078375501
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