1101 Jackson AveLovington, NM 88260

For Sale
$160,000
Two Duplexes, Corner Lot, Rented Units

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity in Lovington, New Mexico, presents two duplexes situated on a spacious 13,500 square foot corner lot. Built in 1955, this property offers a strong foundation for immediate income generation. Each duplex comprises a one-bedroom apartment and a two-bedroom apartment, totaling four rental units. All units are currently occupied, providing a consistent rental stream. The asking price for this well-located property is $160,000. This presents a compelling opportunity for investors seeking a stable, cash-flowing asset in a growing market. The property's location at 1101 W Jackson Avenue, Lovington, NM 88260, offers convenient access to local amenities and services. The substantial lot size provides ample space for potential future development or expansion. This turnkey investment is ready for a new owner to step in and begin profiting from the existing rental income. The property's age suggests potential for future value appreciation through renovations or upgrades. This is a rare opportunity to acquire a multi-unit property in a desirable location at an attractive price point. Serious inquiries are encouraged to explore this promising investment prospect further.

Highlights

  • $160,000 asking price.
  • Special purpose property with two units.
  • Built in 1955.
  • 13,500 square foot lot.
  • Located at 1101 W Jackson Avenue, Lovington, NM 88260.
  • Two duplexes on a corner lot, each with a one-bedroom and a two-bedroom apartment.

Property Details for 1101 Jackson Ave

Property type
Specialty properties
Year Built
1955
Units
2

Location Insight

City
Lovington
County
Lea
State
New Mexico
Latitude
32.9541693
Longitude
-103.3624065
1101 Jackson Ave, Lovington, New Mexico

FAQs

What type of property is this?
Specialty property - Two Duplexes, Corner Lot, Rented Units
Where is the specialty property located?
The property is located at 1101 Jackson Ave Lovington, NM.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: $160,000 asking price.; Special purpose property with two units.; Built in 1955.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1101 Jackson Ave
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