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701 Lava

Milan, NM 87021

$139,000

3 bd • 2 ba • 1,922 sqft • 0.38 acres

1 Story

Stories

$72

Per SQFT

1977

Year Built

05/21/2025

Listing Date

1084438

Listing #

87021

Zip Code

About This Property

This versatile duplex in Milan, New Mexico, presents a fantastic investment opportunity with two distinct units. The first unit features 3 bedrooms and 2 baths, while the second offers 2 bedrooms and 1 bath. In addition, the property includes a spacious lot, ideal for parking a manufactured home to add another income-generating unit.Each unit is equipped with separate electric and gas meters, ensuring independent utilities for tenants. Both units currently have long-term renters in place, providing steady income. Swamp coolers offer efficient cooling, while the durable metal roof enhances the property's longevity.

Interior

Bathrooms Total: 2

Appliances: Refrigerator

Flooring: Carpet, Tile

Building And Construction

Property Type: Residential Income

Property Sub Type: Duplex

Building Area Total: 1,922 sqft

Year Built: 1977

Construction Materials: Frame, Stucco

Levels: One

Number Of Units Total: 2

Stories: 1

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.38

Lot Size Square Feet: 16,553 sqft

Provisional

MLS #: 1084438

Listing Terms: Cash, Conventional, FHA

Number Of Buildings: 1

Tenant Pays: Electricity, Gas

Area And Schools

City: Milan

Postal Code: 87021

MLS Area Major: Cibola

County: Cibola

Parcel Number: 2058063110323

Utilities

Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected

Cooling: Evaporative Cooling

Heating: Central, Forced Air

Heating (Y/N): Yes

Location

Directions: Heading northwest on San Jose toward 3rd St. Turn right on 5th St. Turn left onto I-40/ W Sante Fe Ave/ U.S. Rte. 66. Turn left onto Milan St. Turn right onto Lava Ave. Sign on property.

Listing courtesy of Realty One of New Mexico

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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Daria Derebera

Real Estate Agent in Albuquerque, NM

(505) 521 8550

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