Historical Multifamily Sale Listing - 15 Plex

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15 Plex

301 & 303 N. Orchard, Farmington, NM 87401

N/A

15 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
15
Building Size:
3,500 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
10%
Occupancy:
100%
Lot Size:
0.28 SF
Listing ID
16115613
Last Updated
over 1 year ago

Description

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.

Map of 301 & 303 N. Orchard, Farmington, NM 87401 (San Juan County)

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Created 2/23/2009