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401 Nelson Ave
Farmington, NM 87401
Cannery Apartments · Multifamily Property For Sale
·
100 Units
Investment Highlights
- - Only an hour from Durango, CO, and near the junction of several important highways
- - All 1 BD units are equipped with stackable washer/dryer units
- - The subject property consists of 5 buildings (20 units each)
- - New ownership, based upon move-in rents and area comps, can raise rents up to $204/unit
- - The Farmington market has experienced 3.6% 12-month effective rent growth
- - Ownership recently upgrade fire alarm systems and water usage monitoring station
Property Facts
| No. Units | 100 | Building Size | 98,241 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2012 |
| Building Class | B | Parking Ratio | 1.02/1,000 SF |
| Lot Size | 2.66 AC |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.66 AC |
| Building Size | 98,241 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 2012 |
| Parking Ratio | 1.02/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Range
- Walk-In Closets
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | $987.50 | 682 - 692 |
| 2+2 | 60 | $1,325 | 1,119 - 1,121 |
Property Taxes
| Parcel Number | 4009056 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,018,289 |
Property Taxes
Parcel Number
4009056
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,018,289
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