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$899,999 / 5br - 22000ft2 - 5 Br. Penthouse over 8 unit Commercial and 2 Residential Units (Belen)

Castillo, Belen, NM 87002

Castillo near Main St
5BR / 2.5Ba 22000ft2
Awesome 5 Br. 2 1/2 Ba. . penthouse home with living/dining room and a separate large family room with wood burning fireplace, laundry room, and with the huge bonus of commercial income property as well as residential income property at the same location for you to rent out in the absolute heart of Belen with breathtaking views of both the Manzano Mountains to the east and the Mesa to the West with huge walk out rooftop terrace.

Property also comes with unbelievable garage space for either eight vehicles and or combination of several vehicles, boats and RVs and all other fun toys plus there is another separate one car garage for your every day vehicle as well as a separate huge loading dock and storage area.

All three garage/storage areas have automatic garage door openers for added convenience and access.

Entire square footage of building is approximately 22,000 square feet.

***Father passed away***
and the only reason for selling. Hate to part with this amazing property that was built by great grandfather but a new grandchild is in another state and is calling and so would like to move near family.

Comes with 8 commercial store fronts with five of the eight on Main Street next to the very nice Wells Fargo building amd across from City hall and home of all the home town parades amd well lit up.

All residential and all commercial units can be used by new owner or keep the two commercial units currently leased on a month to month bases of which this business owner has already been a tenant for both units for approximately seven years and would like to stay for many more years if allowed.

Also there is another two unfinished residential units.

1. An unfinished approximately 2000 square foot 4 bedroom up stairs unit right next to other approximate 2000 square foot 5 bedroom unit.

2. An unfinished approximately 1000 square foot 2 bedroom unit down stairs on Castillo Ave.

Only serious buyers with Proof of Funds may call for an appointment to view the property for the following terms.

Terms:

1. Cash
2. 50 percent down for possible Real Estate contract with seller.
3. 20 percent down and buyer obtains already pre- approved loan already ready to go.

Special Note:

This historic property once known as the “Marvel of New Mexico” when first built, really is a once in a lifetime property now being made available.

Live in the penthouse and simply retire by just renting out all the commercial units and two other residential units or perhaps keep one of the commercial units available for yourself and start a small business or restaurant of your own.

So many options for this rare and amazing property.

Also Note:

1. Facebook is super close by and is continuing to expand, build, and create more jobs.

2. Many other large companies including Amazon is also building and operating more fulfillment centers close by making the area very desirable for increased commercial amd rental income.

2. 250 new homes are currently being built in Belen with another 150 new homes on the way so 400 new homes in all. This huge building expanse is going on the first time in over a half a century.

3. City has three existing off ramps
off I-25 which is the most of all cities
south of ABQ until Las Cruces.

4. Airport on top of the Mesa in Belen continues to expand its training for both the nation and many other countries continuing to bring more exposure and commercial and residential interest in Belen.


post id: 7743392914

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