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    812 Vine Ave Farmington, NM 87401

    For Sale
    $519,900

    Mobile Home Park & Rental Home - $519,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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.

    Property Features for 812 Vine Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    1

    HighLights

    • $519,900 asking price.
    • Multifamily property consisting of a 1‑unit apartment building and an RV park.
    • Located in Farmington, NM, 87401.
    • Includes a site‑built, 3‑4 bedroom, 2‑bathroom home with basement, currently tenant‑occupied.
    • Approved for development of a 24‑pad mobile home park, plus an additional .32‑acre lot for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.214028
    Latitude
    36.7471661

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    FAQs

    What type of property is this?
    Multifamily property - Mobile Home Park & Rental Home - $519,900
    Where is this multifamily property located?
    The property is located at 812 Vine Ave Farmington, NM.
    What is the asking price?
    The asking price for this property is $519,900.
    What are key features of this property?
    This property features: $519,900 asking price.; Multifamily property consisting of a 1-unit apartment building and an RV park.; Located in Farmington, NM, 87401.
    Request Owner's contact information
    812 Vine Ave Farmington, NM 87401
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    Farmington, NM 87401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    812 Vine Ave Farmington, NM 87401
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