205 San Miguel St La Mesa, NM 88044
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 205 San Miguel St
- Property type
- Residential income homes
Description
Exceptional investment opportunity: This La Mesa, NM multifamily property features two mobile homes situated on a 0.89-acre lot. The property boasts 27+ mature pecan trees and its own irrigation well. One home, built in 1987, offers three bedrooms and two baths across 1064 square feet. The second, a 1984 build, also features three bedrooms and two baths, totaling 1120 square feet. Both homes benefit from city sewer, water, and electricity connections. Conveniently located one block from Highway 28, with easy access to I-25, this property presents a rare opportunity in a desirable location between El Paso, TX and Las Cruces, NM. The paved road access and established infrastructure enhance the property's appeal. This turnkey investment offers significant potential for rental income and long-term appreciation. The property's unique combination of residential units, mature pecan trees, and irrigation well makes it a truly distinctive offering. Don't miss this chance to acquire a well-maintained, income-producing property in a rapidly growing area. The asking price is $249,000, representing $124,500 per unit.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Mesa
- County
- Doña Ana
- State
- New Mexico
- Longitude
- -106.706
- Latitude
- 32.1229
