This Multifamily Property is Off-Market.

301 & 303 N. Orchard
Farmington, NM 87401 ·

15 Units · Multifamily For Sale

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15 Plex

Price N/A Property Use Type Investment
No. Units 15 Commission Split 2.5%
Building Size 3,500 SF Cap Rate 10%
Property Type Multifamily Occupancy 100%
Property Sub-type Garden/Low-Rise Lot Size 0.28 SF
Listing ID: 16115613 Date Created: 02/23/2009 Last Updated: 04/13/2009

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.

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

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