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    22 Road 3085 Aztec, NM 87410

    For Sale
    $540,000

    Four-unit property, high rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Aztec, NM investment opportunity presents a four-unit multifamily property, comprising three homes and a mobile home space, all situated on a generous 4.95-acre lot. The property includes a five-bedroom, five-bathroom site-built home with a two-car garage and full handicap accessibility on the first floor. A charming three-bedroom, two-bathroom manufactured home is also included, currently rented, providing immediate income. A second rental property, a cozy two-bedroom, one-bathroom home, further enhances the investment potential. The fourth income stream is generated by a currently rented mobile home space. All three homes are currently generating rental income. Located at 22 Road 3085, Aztec, NM 87410, this property offers significant potential for future development or expansion given its substantial lot size. The asking price for this multifamily investment is $540,000. This property presents a rare opportunity to acquire a well-established, income-producing multifamily asset in a desirable location. The ample land provides room for future expansion or development, adding to the long-term investment value. This is an ideal opportunity for investors seeking a strong return on investment in a stable market.

    Property Features for 22 Road 3085

    General Information

    Property type
    Multifamily properties

    Building Details

    Units
    4

    HighLights

    • Four‑unit multifamily property on a 4.95‑acre lot in Aztec, NM.
    • Includes a five‑bedroom, five‑bathroom site‑built home with a two‑car garage and first‑floor handicap accessibility.
    • Features a three‑bedroom, two‑bathroom manufactured home and a two‑bedroom, one‑bathroom home, both currently rented.
    • Additional income from a rented mobile home space.
    • Asking price: $540,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Kitchen & Bath Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Aztec
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.0468093
    Latitude
    36.8706976

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit property, high rental income.
    Where is this multifamily property located?
    The property is located at 22 Road 3085 Aztec, NM.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: Four-unit multifamily property on a 4.95-acre lot in Aztec, NM.; Includes a five-bedroom, five-bathroom site-built home with a two-car garage and first-floor handicap accessibility.; Features a three-bedroom, two-bathroom manufactured home and a two-bedroom, one-bathroom home, both currently rented.
    Request Owner's contact information
    22 Road 3085 Aztec, NM 87410
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    22 Road 3085
    Aztec, NM 87410
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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
    22 Road 3085 Aztec, NM 87410
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