812 Vine AveFarmington, NM 87401

Property Details for 812 Vine Ave

Property type

Mobile home & RV parks

Property subtype

Campgrounds

Description

This exceptional investment opportunity in Farmington, New Mexico, presents a unique blend of immediate income and significant future growth potential. The property includes a currently occupied, three (possibly four) bedroom, two-bathroom site-built home with a basement, generating immediate rental income. This home sits on a lot that also encompasses a recently approved 24-pad mobile home park. The purchase price of $519,900 includes this established rental property and the approved mobile home park development. An additional 0.32-acre lot is also included, providing further expansion opportunities for the mobile home park, allowing for substantial future growth and increased profitability. The property is located at 812 N VINE (LOT 1), Farmington, NM 87401, in San Juan County. This is a rare chance to acquire a multi-faceted investment property with both immediate cash flow and a clear path to significant long-term returns. The property is classified as a multifamily investment, encompassing an apartment building and an RV park, with a total of one existing unit. The lot size is not specified. This is a turnkey operation ready for an investor to capitalize on the existing rental income and the approved mobile home park expansion. Don't miss this chance to secure a promising investment in a growing market.

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7472

Longitude

-108.214

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