501 Bullock Avenue, Socorro, NM, 87801

This 16 unit community is surrounded by housing for NM Tech and school of Mines and is walking distance to the center of campus as well as all of the retail opportunities on Main Street Socorro. Located at 501-533 Bullock street, in Socorro NM, which is an hour drive south of Albuquerque and 2 hours north of Las Cruces. The property has built in, no cost adjacent amenities in the form of City swimming pool, parks, ball fields and tennis course.Owned by the same family for decades, this 16-unit community was built in the 1970s. The property contains four, four unit buildings that are each two story with pitched roofs, all on one 0.60 acre parcel of land.Based on the current average rents of $600 per month, the property's measures of investment performance include a 11.29 GRM 6.06%