Property summary
This exceptional investment opportunity in Lovington, New Mexico, presents two duplexes situated on a spacious 13,500 square foot corner lot. Built in 1955, this property offers a strong foundation for immediate income generation. Each duplex comprises a one-bedroom apartment and a two-bedroom apartment, totaling four rental units. All units are currently occupied, providing a consistent rental stream. The asking price for this well-located property is $160,000. This presents a compelling opportunity for investors seeking a stable, cash-flowing asset in a growing market. The property's location at 1101 W Jackson Avenue, Lovington, NM 88260, offers convenient access to local amenities and services. The substantial lot size provides ample space for potential future development or expansion. This turnkey investment is ready for a new owner to step in and begin profiting from the existing rental income. The property's age suggests potential for future value appreciation through renovations or upgrades. This is a rare opportunity to acquire a multi-unit property in a desirable location at an attractive price point. Serious inquiries are encouraged to explore this promising investment prospect further.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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