211W3 Portales, NM 88130
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 0 211W3
- Property type
- Specialty properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portales
- County
- Roosevelt
- State
- New Mexico
- Longitude
- -103.313
- Latitude
- 34.1777
