$1,100,000
20 bds · 10 ba · 7,090 sqft
201 Lincoln Avenue, Grants, 87020
701 Lava
Milan, NM 87021
$139,000
$72/SqFt
5
Beds
3
Baths
1,922
SqFt Home
1
Story
1977
Year Built
16,553
SqFt Lot
Estimated Mortgage
$703/mo
Based on $28K down · 6.5% · 30yr
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… Show more
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.
Property details for 701 Lava
Interior
Bedrooms Total:
5
Bathrooms Total:
3
Appliances:
Refrigerator
Flooring:
Carpet, Tile
Exterior and lot
Lot Size Acres:
0.38
Lot Size:
16,553 sqft
Building and construction
Property Type:
Residential Income
Property Sub Type:
Duplex
Property Sub Type Additional:
Duplex
Building Area Total:
1,922 sqft
Year Built:
1977
Construction Materials:
Frame, Stucco
New Construction:
No
Levels:
One
Number Of Units Total:
2
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1084438
Listing Terms:
Cash, Conventional, FHA
Number Of Buildings:
1
Owner Pays:
Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
1105
Area and schools
Utilities
Utilities:
Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Cooling:
Evaporative Cooling
Heating:
Central, Forced Air
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
May 21, 2025
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.
Estimated Mortgage
$703/mo
Based on $28K down · 6.5% · 30yr
Homes for sale similar to 701 Lava
701 Lava, Milan, NM 87021 listed as MLS #1084438.
This 5 bedroom 1,922 sqft Duplex built in 1977
located in N/a, Milan NM 87021.
701 Lava is listed for $139,000 as MLS #1084438 courtesy of Realty One of New Mexico Anna T Carabajal.
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personal, non-commercial use and may not be used for any purpose other than identifying properties
which consumers may be interested in purchasing.
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