812 Vine Ave Farmington, NM 87401
- Mobile home & RV parks
Current Use by Public Records
- Mobile home & RV parks
Property Details for 812 Vine Ave
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.214
- Latitude
- 36.7472
