1101 thru 1121 N Prince Street, Clovis, New Mexico
1101 thru 1121 N Prince Street, Clovis, New Mexico 88101 - Looking for a high traffic location that would be excellent for Commercial use? Or may be you're considering Investment Rental Properties? This property on North Prince Street covers a 1/2 block (1.033 acres). Owner wants to sell the entire half (1/2) block but would consider splitting up into two quarter (1/4 blocks). Property includes 6-homes (1101 N Prince thru 1121 N Prince). The owner has been renting these 6-homes for several years and is currently receiving a little over $4,000 per month in rental income. These homes have a great track record of continuous rental occupancy each month, ranging from $500 to $750 per month, with one tenant having rented for 20 years. Based on current rent an investor should be able to have an estimated 7 to 8-year pay off on the investment.
Listing Courtesy of ELITE CLOVIS REALTY
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