10 Photos
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
Property Sub Type Additional:
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
Owner Pays:
Water
Tenant Pays:
Electricity, Gas
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
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.
Mortgage Calculator
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Monthly Payment**:
** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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.
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.
Daria Derebera
Real Estate Broker in Albuquerque, NM