0 211W3Portales, NM 88130

For Sale
$175,000

Three-unit property, excellent rental history.

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity in Portales, New Mexico, featuring a three-unit property situated on a sizable 7,000 square foot corner lot. The complex comprises a two-unit duplex at 300 and 302 South Avenue A, each unit boasting one bedroom and one bathroom. Additionally, a separate 2-bedroom, 1-bathroom house (approximately 800 square feet) is located at 211 West 3rd Street. This house includes a washer, dryer, refrigerator, and gas range. All units have been upgraded with energy-efficient mini-split heat pump systems for both heating and cooling, and each unit is individually metered for utilities. Further enhancing the property's value are updated windows and a durable metal roof. A substantial 600-square-foot storage building, divided into three individual storage units (approximately 200 square feet each), provides additional rental income potential. The asking price of $175,000 reflects the current rental rates and strong rental history. A 24-hour notice is required for all showings. This property presents a compelling investment opportunity with significant potential for return.

Highlights

  • Asking Price: $175,000
  • Property Type: Special Purpose, consisting of a 2-unit duplex, a 2-bedroom/1-bathroom house, and a 600 sq ft storage building with 3 units.
  • Total Units: 3 (2 duplex units, 1 house)
  • Lot Size: 7,000 sq ft corner lot
  • Recent Upgrades: Mini-split heat pump HVAC systems, updated windows, and metal roofing. Each unit has separate utility meters.

Property Details for 0 211W3

Property type
Other specialty properties, Specialty properties
Units
3

Location Insight

City
Portales
County
Roosevelt
State
New Mexico
Latitude
34.1776535
Longitude
-103.3125299
211W3, Portales, New Mexico

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0 211W3
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