$398,000

This property offers five rental units with more than 3,600 square feet on a .16-acre lot across from Carnegie Library and the park, close to New Mexico Highlands University, restaurants, shopping, and the local farmers' market. The beautiful Victorian home has been converted into three apartments: a one-bedroom/one-bath unit, a two-bedroom/one-bath unit, and a spacious one-bedroom/two-bath unit with an office and private laundry area in the basement. A shared laundry room for the other four units is also housed here. A separate two-unit building in the rear, with storage underneath and off-street parking, includes a one-bedroom/one-bath apartment and a two-bedroom/one-bath apartment, both with wooden decks. The property retains beautiful historic details such as a covered porch, pocket doors, built-ins, and original-style wood floors but with recent improvements including a new water line for both buildings, recent exterior paint, and on-demand hot water. This is a great opportunity for income potential in established, highly walkable area. Buyers must be prequalified prior to showings.