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    OFF-MARKET
    Commercial real estate

    1101 Jackson Ave, Lovington, NM 88260

    Built 1955
    Property ID
    US61-0716045
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Year built 1955
    UPID US61-0716045
    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
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    CAP Approach CAP
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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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