309 N Lake Street, Carlsbad, NM 88220
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309 N Lake Street, Carlsbad, NM 88220
309 N Lake Street, Carlsbad, NM 88220
309 N Lake Street, Carlsbad, NM 88220
309 N Lake Street, Carlsbad, NM 88220
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United Realty

United Realty

+1(575) 631-9443
$ 265,000
Est. payment /mo
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309 N Lake Street Carlsbad, NM 88220

3 Beds

1 Bath

1,300 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Site Built

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1200-1399

Square Footage 1,300 sqft

Price per Sqft $203

Subdivision Lowe

MLS Listing ID 20263298

Style 1 Story

Bedrooms 3

Full Baths 1

Year Built 1950

Annual Tax Amount $1,743

Tax Year 2026

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 50 x 150

Property Sub-Type Single Family Site Built

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.

Location

State NM

County Eddy

Area New Mexico Mls

Rooms

Other Rooms Eat In Kitchen

Interior

Interior Features Attic, Ceiling Fan

Heating Central Forced Air

Cooling Electric, Forced Central Air, Refrigerated

Flooring Carpet, Tile, Vinyl

Appliance Water Heater-Electric

Exterior

Exterior Feature Deck, Fence, Patio

Parking Features Detached

Garage Spaces 1.0

Utilities Available Electricity, Sewer, Water-City

Roof Type Pitched,Shingles

Building

Structure Type Frame,Crawlspace,Stucco

New Construction No

Others

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Listed by CENTURY 21 DUNAGAN ASSOCIATES

NEARBY SCHOOLS & PROPERTIES

United Realty

United Realty

Brokerage | License ID: 09099

+1(575) 631-9443

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