$299,000
$299,000
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3 Beds
1 Bath
3,150 SqFt
SOLD DATE : 05/28/2025
Key Details
Sold Price $299,000
Property Type Single Family Home
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2900+
Square Footage 3,150 sqft
Price per Sqft $94
Subdivision Vaswood
MLS Listing ID 20252065
Sold Date 05/28/25
Style 1 Story
Bedrooms 3
Full Baths 1
Annual Tax Amount $571
Tax Year 2024
Lot Dimensions 55 X116.90 & 55 X 116.90 (2 Lot)
Property Sub-Type OTHER
Property Description
Excellent investment opportunity** in Artesia with this 100% fully occupied 4-unit multifamily property featuring one 1-bedroom, two 2-bedroom, and one 3-bedroom units, all equipped with mini-split HVAC systems and appliances that convey with the sale; Units have been recently updated with potential for further improvements, offering a strong combination of current income and long-term value-add opportunity; A shared covered patio by the front doors provides a comfortable seating area for tenants; **Listed below appraised value** this property offers immediate cash flow with below-market rents and room to raise rates; Landlord-paid utilities are limited to water, trash, and sewer, keeping operating costs low while tenants cover all other utilities; Property has been well maintained, making this a rare opportunity to acquire a solid investment in a stable rental market; Don't miss your chance to acquire a value-add asset in a steady rental market.
Location
State NM
County Eddy
Area New Mexico Mls
Interior
Interior Features Blinds/Shades, Cable TV Available
Heating SPLIT UNIT
Cooling Split Unit
Appliance Range-Free Standing
Exterior
Parking Features Not Applicable
Utilities Available Electricity, Natural Gas, Sewer, Water-City
Roof Type Membrane
Building
Structure Type Stucco
New Construction No
Schools
Elementary Schools Yucca
Middle Schools Zia
High Schools Artesia High School
Others
SqFt Source Accessors
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Owner/Qualifying Broker | License ID: NM19417
+1(575) 626-5411 | mindy@dynamicpropertiesofnm.com






