Off-Market Property at 1301 Michigan Ave, Alamogordo, NM, 88310
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1301 Michigan Ave, Alamogordo, NM, 88310

$369,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $130 per day, based on similar listings in the area. Estimated short-term cap rate of 0.9%. If you love and appreciate historical homes?, then why not own one of your own!? Look no further. This home has a majestic feel as you enter the house. It was built in 1905 and offers 3 bedrooms, 2 bathrooms and a finished attic that could be used for a 4th bedroom or a game room, workout, hobby or Movie room. The kitchen boasts upper end stainless steel appliances and granite countertops. The Sunroom can be used as an office, a reading or hobby room or even a workout room... ...Who doesn't love an in-ground pool? and an outdoor gathering place for entertaining and BBQ's - this home has it.!!!.... And.....the home comes complete with a 1 bedroom, 1 bath Casita or Guest quarters. The workshop has power, and the storage shed is a plus. All this nestled in a lovely private backyard. Hurry! make an appointment to see this historical beauty...and bring your earnest money check....just incase you love it...IT WON'T LAST LONG!!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2790
Bedrooms
2
Bathrooms
2
SQFT
2,889
Furnished
unknown
Year built
1904
Listing Status
Off Market
MLS
168330

Short-term Rental Potential
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$29,772

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$128

Price/SQFT