818 Granada St, Socorro, NM 87801

Description

Great investment opportunity! Four-unit property being sold as-is. Two units currently require rehabilitation, offering strong value-add potential for investors or buyers looking to renovate and increase rental income.Due to the current condition, the property is best suited for cash or investor financing. Traditional conventional or FHA financing typically requires all units to be fully habitable prior to closing.A renovation loan (such as an FHA 203k) may be an option for owner-occupant buyers, which allows repairs to be financed into the loan; however, this process involves contractor bids, lender approval, and renovation oversight prior to closing.Contact listing agen...