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$399,000   Price Analysis
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509 W Avenue I
Lovington, NM 88260
10 bed 5 bath unknown SqFt ($0/SqFt)
Built 1950
Listed 2023-07-13, Taxes $1,615
USDA Eligible
near Lovington, NM
 

Looking for an investment opportunity? Look no further!

This recently updated 5 total unit complx is a perfect opportunity. (2 duplexes and one 2 bedroom home) All 5 units have recently been updated with new flooring, windows, kitchen cabinets, appliances, paint and updated bathrooms.

Each unit has 2 bedrooms and 1 bathroom and are roomy and laid out well. All units are occupied. Call today to schedule a showing for your next investment.


Presented by Haley Kinney at
United Realty, Llc.


Property MLS #20233609 from NewMexicoMLS

Bedrooms: 10

Range-Free Standing
Refrigerator

Cooling Features: Electric, Forced Central Air, Refrigerated
Heating Features: Electric, Central Forced Air

Full Bathrooms: 5

Flooring: Carpet, Tile

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 5
Number of 2 Bedroom Units: 5
Total Bathrooms in the 2 Bedroom Units: 1
Total Actual Rent of 2-Bedroom Units: 900

Source Listing Status: Active
County: Lea County
Tax Year: 2022
Source Property Type: MULTI-FAMILY
Area: New Mexico MLS
Source Neighborhood: NM
Subdivision: NM
Property Subtype: Multi Unit 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$49,538 + $2,226
$51,764
$1,615
2021$48,095 + $2,161
$50,256
$1,559
2020$29,581 + $2,098
$31,679
$989
2019$28,719 + $2,037
$30,756
$963
2018$27,883 + $1,978
$29,861
$928
2017$27,071 + $1,920
$28,991
$894
2016$26,282 + $1,864
$28,146
$861
2015$25,516 + $1,810
$27,326
$842
2014$24,773 + $1,757
$26,530
$753
2013$24,051 + $1,706
$25,757
$720
2011$68,013 + $4,824
$72,837
$685
2010$66,033 + $4,683
$70,716
$678

Price Changed 2024-05-16
$399,000
NewMexicoMLS
Price Changed 2023-11-04
$415,000
NewMexicoMLS
Listed 2023-07-13
$425,000
NewMexicoMLS
Sold 2022-03-18
$0
NewMexicoMLS
Relisted 2022-01-13
$395,000
NewMexicoMLS
Listing removed 2021-12-14
$0
NewMexicoMLS
Listed 2021-07-29
$395,000
NewMexicoMLS

Year Built: 1950
Construction Materials: Adobe
Property Age: 74
Roof: Flat, Pitched

Electricity
Sewer
Water-City

Lovington Freshman Academy is a public middle and high school located approximately 0.2 miles away.
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Llano Elementary School is a public elementary school located approximately 0.3 miles away.
directions icon Map directions

Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.