Residential Income in Farmington

$1,050,000

905 WALNUT, 87401, Farmington, NM

Residential Income for sale in Farmington, 905 WALNUT, 87401

905 WALNUT, 87401, Farmington, NM

$1,050,000

22Bath
Type: Residential Income

Description

''Villa View Apartments'' Awesome value-add multifamily investment opportunity in Farmington, New Mexico. This two-story apartment community features 22 units, comprising 12 studios and 10 one-bedroom apartments. Conveniently located near Four Corners Regional Airport, downtown Farmington, and the hospital, the property offers residents easy access to major employers, services, and amenities. Currently 95% occupied, the property has the potential to generate approximately $19, 200 in gross monthly rental income with minimal improvements. The property is offered as-is. Current gross rent is $14, 250/mo. Very attractive financing options available with 30% down! Buyer to independently verify all financial information, financing terms, property condition, and income projections.

Location

905 WALNUT, 87401, Farmington, NM

Data

Object TypeResidential Income
Purchase Price$1,050,000
Living Space0 m²
Plot SizeN/A
Bathrooms22
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

No energy information available

Contact Agent

Listing Agent