5211 Bloomfield Hwy Farmington, NM 87401

Property Details for 5211 Bloomfield Hwy

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional investment opportunity presents a three-unit apartment building situated on a substantial 27.92-acre irrigated orchard in Farmington, New Mexico. The property boasts three existing homes, each generating rental income. Home #1, a 1985 brick home (3,381 sq ft total), features three bedrooms, three bathrooms, an oversized two-car garage, and luxurious upgrades including wood flooring, crown molding, a pantry, an office, and a jacuzzi room. Home #2, a 1962 home (1,437 sq ft), offers three bedrooms, two bathrooms, a fireplace, a two-car portico, and a partially finished basement. Home #3, a 1956 stucco home (1,512 sq ft), includes three bedrooms, one bathroom, and a covered patio. The property also includes extensive outbuildings, totaling over 4,200 sq ft, suitable for storage and agricultural use, including a fruit packing barn with cold storage. The orchard itself comprises approximately 2,500-3,000 fruit trees of various types, including apples, peaches, pears, plums, and more, irrigated by a robust 77.5 acre-feet system. The property benefits from an active gas well, providing additional income potential. Located at 5211 Bloomfield Hwy, Farmington, NM 87401, this property offers a unique blend of residential rental income and agricultural potential, making it an attractive investment opportunity. Sewer access is available with the addition of a lift station. The asking price is $1,122,000.

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Longitude

-108.142

Latitude

36.7111