145 5Th St Raton, NM 87740

This unique investment property located at 145 N 5th Street, Raton, NM 87740, presents a compelling opportunity for savvy investors. Currently configured as a duplex, this property offers significant upside potential. The building, constructed in 1900, sits on a sizable 7,000 square foot lot. The existing structure includes a lower level apartment with three bedrooms and two bathrooms, and an upper level that is partially complete. The upper level is planned as a two-bedroom, two-bathroom unit, offering a substantial increase in rental income upon completion. The property also features a detached garage, adding further value and utility. The asking price is $169,500. This property is ideal for those seeking to add to their investment portfolio or create a large family home. The substantial lot size and existing structure provide ample room for expansion or renovation, allowing for customization to meet individual needs and preferences. Located in Raton, New Mexico, this property offers a chance to capitalize on the growing real estate market in the area. The combination of existing rental income and the potential for increased revenue makes this a truly attractive investment opportunity. The property's historic charm and spacious layout are further compelling features.