Courtesy: Realty One of New Mexico
505-250-0028
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.
Milan is located in New Mexico. Milan, New Mexico has a population of 2,677. Milan is more family-centric than the surrounding county with 27.45% of the households containing married families with children. The county average for households married with children is 22.66%.
The median household income in Milan, New Mexico is $39,773. The median household income for the surrounding county is $47,300 compared to the national median of $69,021. The median age of people living in Milan is 46.9 years.
The average high temperature in July is 82 degrees, with an average low temperature in January of 11.9 degrees. The average rainfall is approximately 16.2 inches per year, with 41.3 inches of snow per year.
