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For sale
  • $139,000

    701 Lava Ave, Grants, NM 87020

    5beds
    3baths
    1,922sqft
    : 
    Duplex, Multi Family
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $72/sqft
    $-- HOA

    What's special

    Manufactured homeDurable metal roofSwamp coolersSpacious lot
    This versatile duplex in Milan, New Mexico, presents a fantastic investment opportunity with two distinct units. The first unit features 3 bedrooms and 2 baths, while the second offers 2 bedrooms and 1 bath. In addition, the property includes a spacious lot, ideal for parking a manufactured home to add another income-generating unit.Each unit is equipped with separate electric and gas meters, ensuring independent utilities for tenants. Both units currently have long-term renters in place, providing steady income. Swamp coolers offer efficient cooling, while the durable metal roof enhances the property's longevity.
    19 days
    on Zillow
    |
    201
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 21, 2025 at 06:41pm

    Listed by:

    Anna T Carabajal 505-250-0028,

    Realty One of New Mexico 505-883-9400

    Source: SWMLS,MLS#: 1084438MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 701 Lava Ave.

    Next available tour time:Today at 3pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Central, Forced Air
    Cooling
    • Evaporative Cooling
    Appliances
    • Included: Refrigerator
    Features
    • Flooring: Carpet, Tile
    • Has basement: No
    Interior area
    • Total structure area: 1,922
    • Total interior livable area: 1,922 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.38 Acres
    Details
    • Parcel number: 2058063110323
    • Zoning description: R-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Frame, Stucco
    Condition
    • Resale
    • New construction: No
    • Year built: 1977

    Utilities & green energy

    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
    Green energy
    • Energy generation: None

    Community & HOA

    Location
    • Region: Grants

    Financial & listing details

    • Price per square foot: $72/sqft
    • Annual tax amount: $584
    • Date on market: 5/21/2025
    • Listing terms: Cash,Conventional,FHA
    • Tenant pays: Electricity, Gas
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