What a great investment! This is your opportunity to own a Half-a-Block (1.033 acres) of property that has 6-lots (50' x 150' each) and includes the houses on each lot. This high traffic location is zoned residential/commercial so it opens up the possibilities for a buyer. It could be used to put up a commercial business or continue to rent the homes. The owner is currently using it as investment property and has been renting the homes for several years. The rental income is a little over $4, 000 per month. These homes have a track record of continuous rental occupancy with the rent ranging from $500 to $750 per month. One tenant has been renting for over 2 years. Based on the current rent and occupancy an investor should be able to pay off the investment in 7 to 8 years.
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The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (\'IDX\') program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Kathy Corn Realtors, Inc are marked with the IDX Logo. All data on this web site is deemed reliable but is not guaranteed. Information last updated on 2019-06-18