Investment Property for Sale in Roosevelt County, NM

Horse Property in Portales, New Mexico

This unique investment opportunity features two homes on a spacious 2.524 acres, perfectly designed to cater to horse owners and enthusiasts. Both homes are currently generating stable rental income and offer excellent potential for further earnings.

The first home is a fully furnished 2-bed, 1-bath property that rents for $750 per month. The second home is a 2-bed, 2-bath property, including appliances, with a rental rate of $950 per month. Each home is equipped with four 45x15 ft covered stalls, making them ideal for equestrian use.

Situated close to Eastern New Mexico University (ENMU), local amenities, and convenient transportation options, these homes offer both comfort and accessibility. This property represents a rare opportunity for both stable rental income and specialized use for horse enthusiasts.

This property can be purchased with a neighboring home and 4.29 acres.

About the Area

Portales, NM is a vibrant small town known for its warm community and rich agricultural heritage. Located in the eastern part of the state, Portales boasts a sunny climate and a welcoming atmosphere, making it an ideal place for those seeking a slower pace of life. The town is home to Eastern New Mexico University, adding a youthful and energetic vibe to the area. With its charming downtown, local events, and proximity to beautiful landscapes, Portales offers a unique blend of small-town charm and educational opportunities.