Property profile

1101 Jackson Ave Lovington, NM 88260

OFF-MARKET
Specialty properties
Property ID
US61-0716045
Built 1955
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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 Specialty properties
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

Location

1101 Jackson Ave Lovington, NM 88260
Lovington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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