918 High St Grants, NM 87020
This exceptional investment opportunity presents a well-maintained duplex located at 918 E High Street in Grants, New Mexico, zip code 87020. Built in 1950, this special purpose property offers two identical units, each boasting two bedrooms and one bathroom. The units are equipped with attractive hardwood floors throughout, adding to their charm and appeal. Individual electric and gas meters are installed for each unit, providing separate utility billing and cost control for both occupants or investors. A shared water line efficiently manages water usage. For climate control, each unit is fitted with a swamp cooler, offering effective cooling during the warmer months. The property features a durable metal roof, ensuring long-term protection and minimizing maintenance costs. Its convenient location places it just minutes away from a variety of shopping centers and local amenities, enhancing its desirability and rental potential. This duplex presents a compelling investment opportunity, equally suitable for generating rental income or accommodating multi-generational living arrangements. The asking price is $139,900. Don't miss this chance to acquire a well-maintained, income-producing property in a desirable New Mexico location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.