309 N Lake St, Carlsbad, NM 88220
- $255,000
- 3
- BD
- 1
- BA
- 1,300
- SqFt
- List Price
- $255,000
- MLS#
- 20263298
- Bedrooms
- 3
- Bathrooms
- 1
- Full-baths
- 1
- Sq. Ft
- 1,300
- Acres
- 0.17
- Subdivision
- Lowe
- Year Built
- 1950
Property Description
Charming property with exceptional versatility and income potential in the heart of town. The main residence offers approximately 1,300 square feet of comfortable living space with 3 bedrooms and 1 bathroom, complemented by a detached 1-car garage. Situated at the rear of the property is a separate approximately 444-square-foot guest house featuring a loft area, private entrance, and convenient alley access with dedicated parking. Currently generating $2,450 in monthly rental income, with the main home leased at $1,500 per month and the rear unit at $950 per month, this property presents an attractive opportunity for investors seeking immediate cash flow. At the same time, its flexible layout makes it equally appealing for owner-occupants looking for additional rental income, guest accommodations, or multigenerational living options. The shared laundry area is in the garage for added convenience. Well-loved and full of character, this property offers a welcoming atmosphere, established rental history, and plenty of potential for its next owner. Tenants may convey with the sale or be provided a 30-day notice, offering flexibility to suit a variety of buyer needs.
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Additional Information
- Taxes
- $1,744
- Roof
- Pitched, Shingle
- Exterior Features
- Deck, Patio
- Interior Features
- Attic, Ceiling Fans
- Utilities
- Electricity Available, Sewer Connected
- Parking Spaces
- 1
- Garage Spaces
- 1
- Heating
- Forced Air
- Cooling
- Central Air, Refrigerated
- High School
- None/Other
- Middle School
- None/Other
- Elementary School
- None/Other
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Listing courtesy of Century 21 Dunagan Associates.