For Sale
$435,000

602 Orchard AveFarmington, NM 87401

Six-unit multifamily investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional six-unit apartment building, located at 602 N ORCHARD Avenue in Farmington, New Mexico, presents a compelling investment opportunity. Priced at $435,000, this property offers a strong potential for return. The building consists of six individual units, each featuring one bedroom and one bathroom, designed for comfortable living. The units are well-maintained and ready for immediate occupancy, providing a steady stream of rental income. The property's convenient location, just minutes from downtown Farmington, ensures high occupancy rates and ease of access for tenants. While the lot size is not specified, the building's prime location in the 87401 zip code within San Juan County makes it an attractive investment. The property's existing structure presents a solid foundation for future growth, with potential for value appreciation and increased rental income. This multifamily investment is ideal for both seasoned investors and those seeking to diversify their portfolio with a proven, income-generating asset in a desirable New Mexico location. The property's strong rental demand and convenient location make it a low-risk, high-reward investment prospect. This is a turnkey opportunity to acquire a profitable multifamily property in a thriving market.

Highlights

  • Six-unit apartment building in Farmington, NM, priced at $435,000.
  • Each unit features one bedroom and one bathroom.
  • Well-maintained units ready for immediate occupancy, providing strong rental income.
  • Prime location minutes from downtown Farmington in the desirable 87401 zip code.
  • Solid foundation for future growth and value appreciation.
  • Turnkey opportunity for investors seeking a low-risk, high-reward multifamily investment.

Property Details for 602 Orchard Ave

Property type
Apartment buildings, Small apartment buildings
Units
6

Location Insight

City
Farmington
County
San Juan
State
New Mexico
Latitude
36.735519
Longitude
-108.2049157
602 Orchard Ave, Farmington, New Mexico

FAQs

What type of property is this?
Apartment building - Six-unit multifamily investment opportunity.
Where is the apartment building located?
The property is located at 602 Orchard Ave Farmington, NM.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Six-unit apartment building in Farmington, NM, priced at $435,000.; Each unit features one bedroom and one bathroom.; Well-maintained units ready for immediate occupancy, providing strong rental income.
How can I contact the broker?
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602 Orchard Ave
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