428 Elm Ave, Las Animas, CO 81054 $54,000
Of course, when a property is this cheap in a western state, we know there has to be a big issue. The house needs repairs that are very doable, but apparently the town has water issues.
Water is a central issue in Las Animas. Like many cities in southeastern Colorado, Las Animas competes with wealthier cities on the Front Range for the water to sustain life and the local agricultural economy. Developers and municipalities have capitalized upon drought and low crop prices by buying water from desperate farmers. As this water is diverted upstream to serve the larger cities, Las Animas loses access to this important resource.
Because of the poor quality of the city’s water supply, a reverse-osmosis filtration plant was installed in the mid-1990s. The loss of minerals in the water resulted in the collapse of many water mains, which had been supported by mineral deposits that formed on the insides of the pipes
- 7,000sqft lot
- Year Built 1883
- Google Map
- Property Listing
- Contact Realtor: Tina Godfrey with Norm Murphy & Associates