About This Home

This 2-bedroom, 2-bathroom townhouse at 715 Iron in Grants, NM is listed for $125,000 ($125 per sqft). Built in 1989, the home offers 1,000 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1989
  • 0.11 acre lot
  • 1 parking spaces
  • Fireplace

Property Details

2 full
1-car garage
1989

Amenities

FireplaceA/C
Listing Description

Opportunity knocks at 715 Iron Avenue! Offered at an affordable price, this 2-bedroom, 2-bath home provides a great opportunity for an investor, renovation-minded buyer, or purchaser looking to explore rehabilitation financing and create a home of their own.

With approximately 1,000 square feet, the home features a wood-burning fireplace in the living room, an eat-in kitchen with plenty of cabinetry, an attached garage, laundry area, and a fenced backyard with mature trees and patio space. A pitched metal roof, city water and sewer, natural gas, and no HOA add to the property's potential.

The home does need repairs and updating, which has been reflected in the asking price. Rather than leaving buyers guessing, the seller is in the process of obtaining bids for the work needed so prospective purchasers can better understand the scope and potential cost of improvements.

For the right buyer, this could be an opportunity to renovate, personalize, and potentially build equity instead of paying a premium for someone else's improvements. Investors may also appreciate the property's manageable size and straightforward floor plan. Bring your ideas and see what this property could become. Buyers interested in renovation or rehabilitation financing should consult with their lender regarding available loan programs and property eligibility.

Monthly Cost Estimate

$669/mo

20% down · 6.5% · 30 years

Principal$90
Interest$542
Insurance$36

Estimates only. Actual payments may vary.

Location

715 Iron

Grants, NM 87020

ENCHANTED MESA

Features & Amenities

Interior Features

Ceiling Fan(s)Utility

Exterior Features

PatioFence

Property Details

Flooring

TileLaminate

Construction

Frame

Outdoor Features

Patio

Heating

Natural GasRadiant

Cooling

Evaporative Cooling

Appliances

DishwasherDryerGas Water HeaterOvenRefrigeratorWasher

Questions & Answers

This 2-bedroom, 2-bathroom townhouse at 715 Iron is listed at $125,000 ($125/sqft). The estimated monthly payment is $668 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1989, 0.11 acre lot, 1 parking spaces, Fireplace. Interior Features: Ceiling Fan(s), Utility. Exterior Features: Patio, Fence.

This property is listed by Jason Valentine.

JV

Jason Valentine

License 18789

Agent at Coldwell Banker High Desert Realty

Listed by Coldwell Banker High Desert Realty · Broker phone: (505) 863-4363 · View on Broker Site · Broker website

MLS# 26000929· Source: New Mexico MLS· 60 days on PropertySimple

Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

715 Iron, Grants, NM 87020

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