Artesia, NM – 3/2 SFH Full rehab with great potential!

Contact Michael Ilhardt, Dispositions Manager!

mike@propertypulse.io    *    321-613-6474

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PROPERTY SUMMARY

• Type: Single Family Home
• County:  Eddy
• Beds:  3
• Baths:  2
• Living:  1,856 sf
• Lot:  13,500 sf
• Year:  1976
• Pool:  No
• Utilities:  City Water/Sewer
• Flood Zone:  Zone AO
• HOA:  No

CLOSING & ACCESS

• Closing:  7/31/2025
• EMD:  $10,000
• Occupancy:  Owner Occupied – Will vacate
• Access: By Appointment Only (proof of funds required beforehand)

INVESTMENT SUMMARY

• Wholesale Price:  $105,000 +cc
• Potential ARV:  $240,000
• Gross Margin:  $135,000
• Estimated Rehab:  $60,000 – $70,000

REHAB SUMMARY

• Roof:  Metal roof around 10 yrs old per seller
• HVAC:  Needs Replacement
• Plumbing:  Updated sewer line 10 yrs ago per seller but it might need some work again
• Electrical:  No known issues
• Rehab: House needs a lot of work, pretty much everything

SOLD COMPS

• 708 W Quay Ave, (3/2, 2,042 sf, 1940 year) — Sold for $275,000 (4/7/2025) — Renovated
• 304 W Washington Ave (3/1, 1,268 sf, 1991 year) — Sold for $190,000 (12/20/2024) — As is
• 810 W Missouri Ave (3/2, 1,130 sf) — Sold for $207,000 (4/15/2025) — Renovated

MUST READ:

• $5,000-$10,000 Earnest Money Deposit (refundable ONLY if clear title cannot be conveyed).
• Buyer pays ALL closing costs. Closing MUST be with our escrow company.
• Cash or Private/Hard Money Only. NO financing contingencies.
• Walkthroughs by Appointment Only. DO NOT disturb occupants.
• Property sold AS-IS, No Contingencies. Conduct due diligence prior to assignment.
• Buyer must verify all information independently. We assume NO liability for accuracy.
• DO NOT contact the seller. Unauthorized contact will result in legal action.
• We are acting as a principal, not as a broker. NO representation is made to any party.
• This is an assignment of contract. A legally binding purchase contract and memorandum have been signed with the seller, giving our company exclusive rights to purchase this property.
• We DO NOT grant anyone permission to market this property without our approval. Realtors and Wholesalers – contact us directly.