701 Lava
Milan, NM 87021
- 3 beds
- 2 baths
- 1,922 sqft
- ~1/2 acre lot
- $72 per sqft
- 1977 build
- – on site
This versatile duplex in Milan, New Mexico, presents a fantastic investment opportunity with two distinct units. The first unit features 3 bedrooms and 2 baths, while the second offers 2 bedrooms and 1 bath. In addition, the property includes a spacious lot, ideal for parking a manufactured home to add another income-generating unit.Each unit is equipped with separate electric and gas meters, ensuring independent utilities for tenants. Both units currently have long-term renters in place, providing steady income. Swamp coolers offer efficient cooling, while the durable metal roof enhances the property's longevity.
Last checked:
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Last updated May 22, 2025
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MLS# 1084438 —
The Building
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Year Built:1977
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Builder Name:Unknown
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New Construction:false
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Construction Materials:Frame,Stucco
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Stories:1
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Levels:One
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Basement:false
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Building Area Total:1922.0
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Building Area Source:ListingAgent
Interior
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Flooring:Carpet,Tile
Room Dimensions
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Living Area:1922.0
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Living Area Source:ListingAgent
Location
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Directions:Heading northwest on San Jose toward 3rd St. Turn right on 5th St. Turn left onto I-40/ W Sante Fe Ave/ U.S. Rte. 66. Turn left onto Milan St. Turn right onto Lava Ave. Sign on property.
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Latitude:35.169646
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Longitude:-107.892911
The Property
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Parcel Number:2058063110323
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Property Type:ResidentialIncome
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Property Subtype:Duplex
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Property Subtype Additional:Duplex
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Property Condition:Resale
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Zoning Description:R-1
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Lot Size Acres:0.38
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Lot Dimensions Source:Other
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Lot Size SqFt:16553.0
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Lot Size Source:Estimated
Listing Agent
- Contact info:
- Agent phone:
- (505) 250-0028
- Office phone:
- (505) 883-9400
Taxes
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Tax Annual Amount:584.14
Beds
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Bedrooms Total:3
Baths
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Total Baths:2
Heating & Cooling
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Heating:Central,ForcedAir
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Heating:true
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Cooling:EvaporativeCooling
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Cooling:true
Utilities
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Utilities:CableAvailable,ElectricityConnected,NaturalGasConnected,WaterConnected
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Green Energy Generation:None
Appliances
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Appliances:Refrigerator
The Community
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Subdivision Name:N/A
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/21/25
May 21, 2025
|
Listed / Active | SWMLS | $139,000 |