1109 MICHIGAN AVENUE, ALAMOGORDO, NM 88310
MAJOR FIXER! This cute house was the victim of a chimney fire a while back and is in need of a total renovation. Not sure what is salvageable or if this its a complete tear down – the choice is yours! The house is situated on a spacious lot on a quaint street.
Although the property shows up as a single family residence, the home is actually a duplex, with a smaller back unit that is in good condition and was not effected by the fire. Here is a few more details about it…
Main house with the fire damage: 6 bedroom / 3 bathroom / 2,035 sq ft / .26 Acre Lot
Back unit without any fire damage: 1 bedroom / 1 bathroom / approx. 600 sq ft
Asking: $45k
After Repair Value: $175k
Estimate of repairs: varies, depending on the investor. But since the property will basically be a rebuild, once its done it should be able to yield maximum value like some of the nearby comps.
Could be a great opportunity for someone to live in the back unit while fixing up the front!
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Pictures:
Comps:
1518 Roosevelt Ave, Alamogordo, NM 88310 sold on 12/1/20 for $151k – 4 bds, 2 ba, 1,982 sqft
1809 Miracerros Ln, Alamogordo, NM 88310 Sold on 12/21/20 for $144K – 3 bds, 2 ba, 1,642 sqft
https://www.zillow.com/homedetails/1809-Miracerros-Ln-Alamogordo-NM-88310/227310182_zpid/
405 UTAH AVEALAMOGORDO, NM 88310 Sold on 09/07/20 for $158K – 4 bds, 2 ba, 2,426 sqft
https://www.realtor.com/realestateandhomes-detail/405-Utah-Ave_Alamogordo_NM_88310_M27627-54595
1802 MIRACERROS LNALAMOGORDO, NM 88310 Sold on 10/14/2020 for $175K- 3 bds, 2 ba, 1,848 sqft
1724 VAN CTALAMOGORDO, NM 88310 Sold on 09/17/20 for $167K- 4 bds, 2 ba, 1,767 sqft
https://www.realtor.com/realestateandhomes-detail/1724-Van-Ct_Alamogordo_NM_88310_M21736-44060
Contingencies:
- Mrs. Property Solutions is the contract holder for this property and we will be assigning our rights to the new buyer.
- Buyer to pay both sides of the closing costs.
- Property is currently vacant, please call to set a showing.
- Needs to close in 45 days
Please feel free to reach out to me if you have any questions! Have a blessed day.