Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

701 Lava Ave, Grants, NM, 87020

5beds
3baths
1,922sqft
$139,000
$72price/sqft
$994/moest. monthly cost
$39,760/yrincome needed

About This Home

This versatile duplex in Milan, New Mexico, presents a fantastic investment opportunity with two distinct units. The first unit features 3 bedrooms and 2 baths, while the second offers 2 bedrooms and 1 bath. In addition, the property includes a spacious lot, ideal for parking a manufactured home to add another income-generating unit.Each unit is equipped with separate electric and gas meters, ensuring independent utilities for tenants. Both units currently have long-term renters in place, providing steady income. Swamp coolers offer efficient cooling, while the durable metal roof enhances the property's longevity.

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

2/10
Milan Elementary SchoolGrades PK-60.5 mi
3/10
4/10
Grants High SchoolGrades 9-122.8 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1977

Materials

  • Construction materials: Frame,Stucco

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Features

  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Central,Forced Air
  • Cooling features: Evaporative Cooling

Interior Area

  • Total structure area: 1,922
  • Total interior livable area: 1,922 sqft

Property

Details

  • Parcel number: 2058063110323
  • Zoning description: R-1

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.38 Acres