




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
0
31
Schools
2/10
3/10
4/10
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
