602 Orchard AveFarmington, NM 87401

Property Details for 602 Orchard Ave

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7355

Longitude

-108.205

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