818 Granada Street
Socorro, NM 87801
About This Property
Great investment opportunity! Four-unit property being sold as-is. Two units currently require rehabilitation, offering strong value-add potential for investors or buyers looking to renovate and increase rental income.Due to the current condition, the property is best suited for cash or investor financing. Traditional conventional or FHA financing typically requires all units to be fully habitable prior to closing.A renovation loan (such as an FHA 203k) may be an option for owner-occupant buyers, which allows repairs to be financed into the loan; however, this process involves contractor bids, lender approval, and renovation oversight prior to closing.Contact listing agents for details and improvement potential.
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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