Home for Sale in Portales, Nm with Income Potential

Description

Horse Property in Roosevelt County, NM

Nestled on a spacious 4.29 acres, this 3-bedroom, 2-bathroom home features central air and heat, ensuring year-round comfort. The home boasts fresh paint throughout, making it move-in ready for you or your tenants. The large, fenced backyard provides a safe and expansive area for outdoor activities and gatherings.

Horse enthusiasts will appreciate the 100×200 ft arena, along with two 30×60 ft stalls and two larger outside pens, offering ample room for horse boarding and training.

This property currently earns $1,000 per month in rental income, with the potential for additional earnings from horse stall rentals. Located conveniently close to Eastern New Mexico University, this home is perfect for those seeking proximity to educational opportunities and local amenities.

This property can be sold with an adjacent two homes on 2.524 acres.

About the Area

Portales, New Mexico is a charming small town known for its welcoming community and rich agricultural heritage. Located in the eastern part of the state, Portales serves as the county seat of Roosevelt County and is home to Eastern New Mexico University. The town boasts a unique blend of rural tranquility and academic vibrancy, offering residents and visitors a mix of cultural events, educational opportunities, and outdoor activities. Its economy is largely driven by peanut and dairy farming, contributing to its distinct local flavor. With a warm climate and close-knit atmosphere, Portales provides a comfortable and inviting environment for families and individuals alike.