103 Lincoln Ave Gallup, NM 87301
- Specialty properties
Current Use by Public Records
- Specialty properties
Property Details for 103 Lincoln Ave
- Year built
- 1940
- Property type
- Specialty properties
Description
This exceptional investment opportunity presents a 3-unit apartment complex located at 103 W Lincoln Avenue in Gallup, New Mexico, 87301. Built in 1940, this special purpose property offers a compelling return on investment. The asking price is $200,000. The complex comprises 313 units, which includes the main apartment building and smaller rental homes. A recent appraisal has been completed, confirming the property's strong financial potential. Tenants are responsible for all utilities, contributing to a consistently positive cash flow. This property presents a unique opportunity for an owner-occupant, allowing for the possibility of living in one of the units while generating rental income from the others. The property's location in Gallup, McKinley County, New Mexico provides access to a stable rental market. This is a rare chance to acquire a well-maintained, income-producing property with significant upside potential. The property's history and current condition suggest a strong foundation for long-term investment growth. This is more than just a real estate purchase; it's a chance to build wealth and secure a substantial passive income stream. The property's financial performance is supported by a consistently high occupancy rate and responsible tenants. This is an ideal opportunity for investors seeking a hands-on approach to real estate investment or those looking for a strong, cash-flowing asset.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gallup
- County
- McKinley
- State
- New Mexico
- Longitude
- -108.744
- Latitude
- 35.534
