145 5Th StRaton, NM 87740

Property Details for 145 5Th St

Year built

1900

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This unique investment property located at 145 N 5th Street, Raton, NM 87740, presents a compelling opportunity for savvy investors. The property, built in 1900, is a special purpose building currently configured as a duplex situated on a sizable 7,000 square foot lot. The asking price is $129,500. The property features two units; however, significant renovations are underway. The owner has commenced construction on the upper level, which, upon completion, is planned to be a two-bedroom, two-bathroom unit. The lower level currently functions as a three-bedroom, two-bathroom apartment. Both levels offer substantial living space. A detached garage is also included on the property, adding further value and utility. This property offers significant upside potential for investors seeking a project with substantial renovation opportunities to increase rental income or create a unique multi-family dwelling. The property's location in Raton, New Mexico, provides access to local amenities and services. The large lot size provides ample space for future expansion or improvements. This is an excellent chance to acquire a property with considerable potential in a growing market. The property is ready for a discerning investor to complete the renovations and realize the full potential of this unique investment.

Location Insight

City

Raton

County

Colfax

State

New Mexico

Latitude

36.9036

Longitude

-104.443

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