c.1950 988-SF New Mexico Handyman Special $55K

$55,000

c.1950 New Mexico handyman special! This compact 988 sq ft structure sits on its own land, offering a rare entry-level entry price of $55K. Bring your tools, contractor, or creative vision to unlock this unique property’s potential.

Realtor Comments

Calling all investors!

206 S Kansas Ave, Roswell, NM 88203

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor: Connie Bonham

Brokered by Wilcox Realty

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Niche

The Pros

Exceptional Affordability: The overall cost of living is roughly 13% to 28% below the national average. Housing is the biggest driver—median home prices sit significantly lower than national figures, making homeownership accessible for first-time buyers and retirees looking to stretch their dollars.
Low Traffic & Easy Commutes: With a population of around 48,000, you won’t deal with major metro congestion. The average commute time across town is under 15 minutes.
Sunny Southwest Climate: Roswell gets over 280 sunny days a year with mild winters and low humidity. It’s ideal if you prefer dry heat over muggy, humid summers.
Unique Local Quirks & Tourism: As the site of the famous 1947 UFO incident, the town embraces its extraterrestrial fame. Downtown features alien-themed streetlights, fun festivals, and steady tourism that keeps the local economy unique.
Outdoor Access: Outdoor enthusiasts benefit from nearby natural spots like Bottomless Lakes State Park (great for kayaking, swimming, and camping) and the Bitter Lake National Wildlife Refuge.

The Cons

Geographic Isolation: Roswell sits in southeastern New Mexico’s high desert, hours away from major hubs. Albuquerque is a 3-hour drive, and El Paso, TX is nearly 3.5 hours away.
Limited Specialized Healthcare: While local facilities handle everyday medical needs, specialized care often requires driving 200+ miles to larger regional centers or out of state.
Higher Poverty & Crime Rates: Property crime rates in Roswell run higher than the national average. Additionally, local poverty rates linger above average due to economic constraints in rural New Mexico.
Narrow Job Market: Outside of major sectors like agriculture/dairy, healthcare, local government, aerospace, and retail, specialized career opportunities can be limited.
Slower Entertainment Scene: If you thrive on vibrant nightlife, major music tours, or high-end dining, you may find Roswell’s small-town entertainment options repetitive after the novelty wears off.