Great location , great rental income! Live on site in the 2 bedroom house with tuck under garage/storage area that gives you 3 extra spaces to rent. And rent the remaining 7 units! Or rent the whole property for a great return on investment! Updated and move in ready apartments are currently all rented. 5 large studio apartments and 2 one bedroom apartments. On site laundry area and off street parking. One covered carport. Large corner lot and great neighborhood close to schools and walking distance to downtown Raton. This setup is ideal for a property manager to live on site! Opportunity is knocking, call today! Ask about packaging other income properties with this one to make it a great deal!
Sold on 07/27/23
Price Unknown
504 S 5th St, Raton, NM 87740
--beds
--baths
6,461sqft
Multi Family
Built in 1923
-- sqft lot
$421,300 Zestimate®
$--/sqft
$1,163 Estimated rent
Home value
$421,300
$375,000 - $472,000
$1,163/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 31, 2023 at 09:18am
Listed by:
Wendy Mileta 575-707-1662,
Realty One Of New Mexico - Raton
Bought with:
Wendy Mileta, 19831
Realty One Of New Mexico - Raton
Source: New Mexico MLS,MLS#: 20231862
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Appliances
- Included: Free-Standing Range, Refrigerator
- Laundry: Yes, Common Area
Features
- Flooring: Hardwood, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 6,461
- Total interior livable area: 6,461 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Lot
- Size: 0.32 Acres
- Features: Irregular Lot
Details
- Parcel number: 1135185128479
- Special conditions: Arm Length Sale (Unrelated Parti
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
- Roof: Pitched,Shingle
Condition
- Year built: 1923
Utilities & green energy
- Electric: Combined Meters
- Water: City, Combined Meters
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected
Community & neighborhood
Community
- Community features: Onsite Storage
Location
- Region: Raton
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2023 | Sold | -- |
Source:  New Mexico MLS #20231862 | ||
| 6/12/2023 | Pending sale | $375,000$58/sqft |
Source: New Mexico MLS #20231862 | ||
| 5/25/2023 | Listed for sale | $375,000$58/sqft |
Source: New Mexico MLS #20231862 | ||
| 5/14/2023 | Pending sale | $375,000$58/sqft |
Source: New Mexico MLS #20231862 | ||
| 4/22/2023 | Listed for sale | $375,000+36.4%$58/sqft |
Source: New Mexico MLS #20231862 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,513 +24.4% | $90,266 +3% |
| 2023 | $2,020 +3.5% | $87,637 +3% |
| 2022 | $1,953 +0.3% | $85,085 |
Find assessor info on the county website
Neighborhood: 87740
Nearby schools
GreatSchools rating
- 6/10Raton Middle SchoolGrades: 3-6Distance: 0.2 mi
- 7/10Raton High SchoolGrades: 7-12Distance: 0.9 mi
- 3/10Longfellow Elementary SchoolGrades: PK-2Distance: 0.8 mi