301 & 303 N. Orchard
Farmington, NM 87401 ·
15 Units · Multifamily For Sale
|Price||N/A||Property Use Type||Investment|
|No. Units||15||Commission Split||2.5%|
|Building Size||3,500 SF||Cap Rate||10%|
|Property Sub-type||Garden/Low-Rise||Lot Size||0.28 SF|
|Listing ID: 16115613||Date Created: 02/23/2009||Last Updated: 04/13/2009|
15 plex in heart of Farmington, NM. One block off Main Street. Low, low vacancy rate. Estimated 10% cap rate. Owner could luse one studio room for manager and have same flow since currently one room used for storage (shares a bath). Rentals $500 to$700.
Downtown Farmington, NM. Great demand in this area for affordable, cozy apartments. Two room with shared bath. One two bedroom unit. The rest, 12 units, are one bedroom. Square footage is estimated. New owner needs to measure.
301 & 303 N. Orchard, Farmington, NM 87401 (San Juan County)
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