Price Reduction
Address
1590 State Street, Raton, NM
Price
$ 259,700
Property Attributes
  • MLS#20232798
  • TypeMulti-Family
  • CountyCOLFAX
  • CityRaton
  • AreaNew Mexico Mls
  • Zip87740
  • StyleMulti Unit 2-4
  • Price$ 259,700
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2016
  • Lot Size0.9132 Acres
Data Source:
New Mexico MLS (NMMLS)
Property Description

Great investment property on almost an acre of land! Many possibilities. Zoned R5. This zoning would allow for 5 lots per acre at 8,000 sf per lot AND an additional 6,000 sf of building space available to be built. Keep the shop as is, turn it into a home, or a duplex. Gas and electricity are already at the shop. Massive potential!!! Property ready for surveying. Design it the way you want and submit it for approval with the city. Currently rented, Two (2) bedroom apartments and One (1) bedroom apartment. All located within the same building, on one level. Great location close to I-25 and minutes to stores. Call today to view!

Price History
2/14/2024 Listed $275,000
4/22/2024 6% - $259,700

General Features

Heating Natural Gas,Space Heater
Utilities Electricity Connected,Natural Gas Connected
Roof Flat
Appliances Free-Standing Range,Refrigerator
Construction Materials Brick,Frame
Year Built 1950
Levels One
Property SubType Multi Unit 2-4
County Colfax County
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Garage Y/N No
Other Structures Workshop
Status Active
City Raton
Buyer Agent Compensation 3%
Senior Community Y/N No
Total Units 5
MLS Area New Mexico Mls
Lot Size Square Feet 39780
Waterfront Y/N No
Carport Y/N No
Street Name State
Property Attached Y/N No
Lease Considered Y/N No
Standard Status Active

Interior Features

Flooring Carpet,Vinyl
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix Street
Total Bedrooms 2
Living Area Units Square Feet

Exterior Features

Parking Features RV Access/Parking
Lot Features Irregular Lot
Water Source Water-City,Meters(Water Combined)
Lot Size Area 39780
Spa No
Building Area Total 2016
Lot Size Acres 0.9132
Lot Size Units Square Feet
Open Parking Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 87740

Price
AVG $260K
$260K
Visits
AVG 11
8
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1950

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