1508-1550 W Arizona Dr, Portales, NM 88130

$570,000
16,961
SqFt
List Price
$570,000
MLS#
20185353
Foreclosure
Yes
Sq. Ft
16,961
Year Built
1984

Property Description

This multifamily property has a ton of potential. Currently bank owned, 6 units have been fully remodeled. The other 22 units are waiting for updates. Most units are in decent condition, but some need more work than others. Most of the work needed is paint, flooring, and appliances. All units have central heat & air, are all electric (individually metered) and are on city water & trash. Each building has 1 water meter so typically, water has been included in rent. These units are located within walking distance to the near by Eastern New Mexico University. Also, in Spring of 2019 will begin a large wind turbine construction project which is expecting 300+ jobs to come to the area and will be needing housing.

Additional Information

Heating
Electric, Central Forced Air

Mortgage Calculator

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Listing courtesy of HOMESPOT REAL ESTATE, LLC.