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Property profile & analytics
OFF-MARKET
Specialty properties

601-603 1St St Portales, NM 88130

Built 1980
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-maintained two-unit duplex ideally situated in Portales, New Mexico, at 601-603 W 1st Street, 88130. Built in 1980, this property boasts a generous 7,000 square foot corner lot, providing ample parking. The convenient location offers easy access to Eastern New Mexico University (ENMU), Cannon Air Force Base, and various local amenities. Each of the two units features a comfortable living room, a functional kitchen, and a complete bathroom. Adding to the property's appeal is a dedicated storage unit, enhancing its overall utility and value. The asking price for this turnkey investment is $135,000. This duplex represents a strong potential for rental income and long-term appreciation, making it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio. The property's prime location and desirable features make it a highly sought-after investment opportunity in the Portales market. Don't miss out on this chance to acquire a well-positioned, income-generating asset.

Property profile
Verified
Property type Specialty properties
Year built 1980
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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