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2 Beautiful Homes with Income Potential on 1 Lot near Downtown Gallup

407 and 407 1/2 South 1st. St.
Gallup, New Mexico
MLS # 495190

LOCATION:
Gallup, New Mexico is located on Interstate 40, two hours west of Albuquerque, New Mexico and three hours east of Flagstaff, AZ. It is on Historic Highway 66, surrounded by red rock buttes. As the " Indian Jewelry Capital of the World, : with its many Trading Posts and motels along Highway 66, Gallup is a popular tourist destination. www.gallupnm.org/visitors/index.cfm Its central location provides a good base for day trips to local areas of interest such as Zuni Pueblo, Chaco Canyon, El Morro National Mounument. The city draws resident and visitors from surrounding areas to it's large retailers, the 103 - bed hospital, and a University of New Mexico Campus.

The homes are located just three blocks from Gallup's downtown central business district, an easy walk to stores, libraries and banks. Gallup's new "Courthouse Square" is only two blocks away. This site is becoming an essential tourist destination, which features nightly Indian Dance Shows during the summer, and Indian vendor booths which surround the beautiful new dance arena.

PRICE AND TERMS:
$189,900, cash, or coventional.

PROPERTY DESCRIPTIONS:
Presently both homes are leased: 407 ½ has a one-year lease @ $740/month and 407 has a month-to-month lease @$840/month. There is a possibility to live in one, and rent the other! Also, RM-4 zoning allows for potential home-based businesses and provides a prime location for a Bed & Breakfast.

Both homes were renovated 85% four years ago, including heating, electrical and plumbing. 407 is 3 bedroom, 1 bath with additional vanity sink in the master bedroom. 407 ½ is 2 bedroom, 1 bath. Both have Italian ceramic tile in kitchens and bathrooms, natural wood floors in living rooms, custom hardwood cabinets in kitchens, deluxe appliances, and ceiling fans throughout.

UTILITIES:
City of Gallup Joint Utilities provides: electricity, water, sewer, and garbage collection. PNM provides natural gas service. Qwest provides telephone and high-speed internet service, and Comcast provides cable TV and high-speed internet service

Click on photos to enlarge.













FOR MORE INFORMATION CONTACT:
Adam Roth, Associate Broker
Centerfire Real Estate
Office # (505)865-7800 / Cell # (505) 775-2211 / Office fax# (505) 865-7822
jadamroth@aol.com
This property is subject to prior sale, price change, correction or withdrawal. This information was obtained from sources deemed to be reliable but is not guaranteed by Centerfire Real Estate. Perspective Buyers should check all data to their own satisfaction.

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