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Mindy Longmire

mindy@dynamicpropertiesofnm.com +1(575) 626-5411

Listed by Century 21 Dunagan Associates

$ 255,000

Est. payment | -/mo

3 Beds

1 Bath

1,300 SqFt

Save

$ 255,000

Est. payment | -/mo

Save

3 Beds

1 Bath

1,300 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Site Build

Listing Status Active

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $196

Subdivision Lowe

MLS Listing ID 20263298

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1950

Annual Tax Amount $1,744

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Single Family Site Build

Source NMMLS

Land Area 1300

Property Description

Charming property with exceptional versatility and income potential in the heart of town. The main residence offers approximately 1,300 square feet of comfortable living space with 3 bedrooms and 1 bathroom, complemented by a detached 1-car garage. Situated at the rear of the property is a separate approximately 444-square-foot guest house featuring a loft area, private entrance, and convenient alley access with dedicated parking. Currently generating $2,450 in monthly rental income, with the main home leased at $1,500 per month and the rear unit at $950 per month, this property presents an attractive opportunity for investors seeking immediate cash flow. At the same time, its flexible layout makes it equally appealing for owner-occupants looking for additional rental income, guest accommodations, or multigenerational living options. The shared laundry area is in the garage for added convenience. Well-loved and full of character, this property offers a welcoming atmosphere, established rental history, and plenty of potential for its next owner. Tenants may convey with the sale or be provided a 30-day notice, offering flexibility to suit a variety of buyer needs.

Location

State NM

County Eddy

Rooms

Basement Crawl Space

Interior

Interior Features Attic, Ceiling Fan(s), Audio/Video Surveillance

Heating Forced Air

Cooling Central Air, Refrigerated

Flooring Carpet, Tile, Vinyl

Exterior

Exterior Feature Deck, Patio

Parking Features Detached

Garage Spaces 1.0

Fence Cross Fenced

Utilities Available Electricity Connected, Sewer Connected

View Y/N false

Roof Type Pitched,Shingle

Private Pool No

Building

Water Public

Schools

Elementary Schools None/Other

Middle Schools None/Other

High Schools None/Other

Others

Tax ID 4157127049197

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Mindy Longmire

Owner/Qualifying Broker | License ID: NM19417

+1(575) 626-5411 | mindy@dynamicpropertiesofnm.com

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309 N Lake Street Carlsbad, NM 88220

Mindy Longmire

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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309 N Lake Street