Farmington NM Multi Family for Sale
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Baths:
- MLS#:
- 24-1349
- Subdivision:
- VIRDEN SUBDIVISION
ADDITIONAL INFORMATION
Great investment opportunity on this multi family property, situated on a sprawling 0.793 acre lot. This unique property boasts 15 studio units, a single wide trailer split in half offering 2 more extra units in the trailer with a total of 17 units, a laundry room, also including a spacious house with an office. One of the highlights of this complex is the potential that this property has. Whether you're looking to run it as an apartment complex or keep it as a motel, this versatile complex has something to offer. Come check this amazing investment property out today!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Baths:
- MLS#:
- 24-1344
- Subdivision:
- None
ADDITIONAL INFORMATION
6 Units on 1 parcel! Two triplexes in Farmington, NM, offering 6 fully occupied units for $395,000. Each unit includes 2 bedrooms and 1 bathroom, all recently updated for modern living. While no value has been placed on the detached garages, there's potential to renovate them for extra storage or additional tenant parking, creating even more value. Conveniently located near local amenities, shopping, and schools, this property is a solid investment with 100% occupancy, providing immediate and reliable rental income. A fantastic opportunity to expand your real estate portfolio!
$1,122,000
5211 BLOOMFIELD HWY Farmington, NM 87401
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Baths:
- 3.00
- MLS#:
- 24-1210
- Subdivision:
- None
ADDITIONAL INFORMATION
''Kerby Orchard'' Do not miss this opportunity to own this established fruit orchard with views of the San Juan River and the Bisti Bluffs. Family-owned since 1945. 26.92 Irrigated Acres with 2,500-3,000 fruit trees and a mind-blowing 77.5 acre-feet of irrigation!!! Well-composted soil! Property includes 2 Homes of which are active rentals, 2 Ag Buildings, an active gas well, and several other storage buildings. Home #1 is a 1437sf 3 bedroom 2 bath home built in 1962. Home features a fireplace in the living room, an attached 2 car portico with storage, a 546sf unfinished basement, a patio, a gazebo, a laundry room, and rose bushes. Home #2 is a 3 bedroom 1 bathroom 1512sf updated home built in 1956. Home is a stucco home with a pitched shingle roof, covered patio, foyer, utility room, and grape vines. Outbuildings include a 2400sf fruit packing barn with 2 cold storage rooms, a 1200sf barn, and a 600sf barn. The orchard trees consist of 15 types of apples, 8 types of peaches, 3 types of nectarines, 5 types of plums, 3 types of prunes, pears, apricots, and cherries. Roughly 60% apples, 20% peaches, 10% pears, and 10% others. Irrigated with open flood irrigation with 10% done in 6'' pipe. Homes are provided natural gas (as of listing) and royalties from gas well operation. THIS LISTING EXCLUDES THE MAIN HOUSE, APPRAISED AT $525,000, 1 ACRE OF LAND, AND A BLOCK BUILDING LOCATED TO THE SOUTH. ALLOW 4-6 MONTHS TO SUBDIVIDE THE HOUSE OUT AT SELLERS EXPENSE. ACCESS EASEMENT WILL BE INCLUDED.
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Baths:
- 5.00
- MLS#:
- 24-968
- Subdivision:
- None
ADDITIONAL INFORMATION
Check out this remodeled home which features a total of 6 BR's, 3 baths, with 2 of the BR's in the basement, 3 living areas,2 pellet stoves, All new windows throughout, new baths, new flooring, new window shades, hot tub, gazebo, 3 decks, newer fencing. All City utilities plus one septic for apartment above the garage, also has a separate house which is used asanother rental, a well for irrigation, gorgeous views of the Valley, secluded, also has a horse arena for them horse people,Quonset hut, tons of storage, A must see for those wanting privacy and just minutes from Town... Address is 760, 750 and 750 A Valentine Road. See also MLS# 24-969.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Baths:
- 2.00
- MLS#:
- 24-811
- Subdivision:
- VINE PARK SUBDIVISION
ADDITIONAL INFORMATION
Great opportunity to acquire ownership of a future mobile home park. The park has recently received approval for the development of 24 pads for mobile homes. In addition, you will acquire a site-built home with three (possibly four) bedrooms, two bathrooms, and a basement. This home is currently occupied by tenants, ensuring immediate rental income. The purchase also includes a separate .32-acre lot with approval to expand the park and accommodate multiple mobile homes. This investment opportunity has significant potential for both growth and profitability.
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Baths:
- 6.00
- MLS#:
- 24-178
- Subdivision:
- Hays Addition
ADDITIONAL INFORMATION
Prime investment opportunity! Six-unit property features one bedroom, one-bathroom units, each designed for comfort and convenience. With its desirable location just minutes from downtown, as well as, itspotential for value appreciation and increase in rental income is an ideal addition to any investment portfolio.
Farmington Real Estate
The median home value in Farmington, NM is $216,100. This is higher than the county median home value of $202,100. The national median home value is $338,100. The average price of homes sold in Farmington, NM is $216,100. Approximately 56.5% of Farmington homes are owned, compared to 32.1% rented, while 11.4% are vacant. Farmington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Farmington real estate agent to arrange a tour today!
Farmington, New Mexico has a population of 46,696. Farmington is more family-centric than the surrounding county with 29.18% of the households containing married families with children. The county average for households married with children is 25.86%.
The median household income in Farmington, New Mexico is $56,045. The median household income for the surrounding county is $47,485 compared to the national median of $69,021. The median age of people living in Farmington is 34.7 years.
Farmington Weather
The average high temperature in July is 91.2 degrees, with an average low temperature in January of 18.6 degrees. The average rainfall is approximately 9.6 inches per year, with 12.6 inches of snow per year.