$499,000
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203 State Highway 3 Ribera, NM 87560
Single Family
Residence
5
Beds
2
Baths
...
Bed/Bath
3,579
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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A charming compound: two homes and a very large studio that was historically a dance hall in the village of Ribera - provides the perfect live/work opportunity. Live in one home and rent out the other while you operate an art gallery or retail space where the Ribera Farmer's Market has been located.... Both homes have that Southwestern Style with vigas, and both have been recently updated with new electrical, new mini-splits, and so much more. The first home is an adobe with 3 bedrooms, living room, mini splits, wood stove, granite counters, eat in kitchen, laundry room, a full bathroom, with two covered portal porches, and is fully fenced. It shares electric meter with the studio - commercial building. It is vacant and ready to move in and has rented for $1,500 per month in the past. The guest house casita has 30 inch rock walls, 2 bedrooms, 1 bathroom, a covered portal porch, wood stove, and is fully fenced. It has rented for $1,100 per month, and it has its own electric meter. The Sala studio - commercial building is a large adobe and rock building with high ceilings and gorgeous vigas. There is plenty of parking all around, with views of the mesa and close to I-25 for a 20 minute drive to Las Vegas NM or 40 minutes to Santa Fe. Villanueva State Park is just down the road with camping and hiking. This beautiful New Mexico style compound has income and space to live and work in a beautiful environment! Be sure to watch both video tours in the video links. Great 1031 exchange. Seller open to paying for interest rate buy down with acceptable offer.
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MLS#
202604544
Property Type
Single Family
Bedrooms
5
Bathrooms
1 Full/1 Three-Qtr
Year Built
1935
Square Feet
3,579
sq. ft
Lot Size
0.86
Stories
1.0
Sewer
Holding Tank
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