Chaparral NM Real Estate & Homes for Sale

Welcome Home! Built in 2018, this stunning property nestled in the desirable Valencia Park subdivision is sure to captivate you. Boasting an inviting open floor plan seamlessly integrating the living, kitchen, and dining areas, it's perfect for quality family time. Featuring 3 bedrooms and 2 full baths, this home exudes modern elegance with its granite kitchen countertops and expansive master walk-in closet. Enjoy the comfort of tiled floors throughout with plush carpeting in the bedrooms. Equipped with stainless steel appliances, this home promises significant energy savings. Not to mention, the picturesque views of the Franklin Mountains from the front of the house and the nearby Valencia Park add to its allure. Conveniently located near main highways, schools, & shopping centers!

This stunning 6-plex, nicknamed ''The Tall Pines'', due to the remarkable large pine trees that encapsulate this property, is a must see. Designed in a horseshoe/U pattern, it allows for a shared common area which residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho and Boutz, this revitalized 6-unit property is just 1 mile from NMSU and 2 miles from downtown, offering ease of travel for anyone attending NMSU or someone wanting to take advantage of the amazing eateries and breweries located downtown. Measures of investment performance at list price of $671,260 and with average rent of $787 include GRM of 11.85, Before Reserves Cap rate of 5.70% and after tax IRR of 10.50%.