Great investment opportunity!

Partial remodeling in the apartments and the option for one bedroom or duplex units, each individually metered, with the two back homes under 700 sq ft each. The addition of the storage units, a separate laundry area and mailboxes is a fantastic bonus . The motel can be 7 apartment units, renovation has begun and needs some tlc to bring these to full rental income units. Pristine roofs on buildings, fresh exterior paint. Materials have been purchased to finish the buildings and are negotiable. 9 units, 14 baths, 75% new electrical brought to building, new hot water heaters, new water lines to the property and new sewer line install. Also has an RV hookup on property!

Purchase this property and the laundry mat in front for a great deal and massive rental income or business opprtunity! $445, 000 gets it all with most of the uninstalled inventory!

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on 1003 S 2nd St # B
in Raton, NM
Presented by WENDY MILETA at
REALTY ONE OF NEW MEXICO - RATON.


Property MLS #20241261 from NewMexicoMLS

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+ Appliances

Dryer
Range-Free Standing
Refrigerator
Washer
Laundry Features: Yes

+ Heating and Cooling

Heating Features: Gas, Space Heat

+ Interior Features

Flooring: Carpet, Laminated, Vinyl, Wood

+ Land Info

Lot Size Acres: 0.5509642
Lot Size Dimensions: 24000
Lot Size Square Feet: 24000

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Units: 9

+ Other Property Info

Source Listing Status: Active
County: Colfax County
Source Property Type: MULTI-FAMILY
Area: New Mexico MLS
Source Neighborhood: NM
Subdivision: NM
Property Subtype: Multi Unit 5+
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-03-05
$315,000
NewMexicoMLS

+ Building and Construction

Total Square Feet Living: 5748
Year Built: 1984
Construction Materials: Frame, Stucco
Property Age: 40
Roof: Flat, Pitched, Shingles
House Style: Ranch

+ Utilities

Electricity
Natural Gas
Sewer
Water-City

+ Display Complete School Details

Raton Middle School is a public elementary school located approximately 0.5 miles away.
Map directions

Raton High School is a public middle and high school located approximately 0.7 miles away.
Map directions

All Sts. Catholic School is a private elementary school located approximately 0.7 miles away.
Map directions