3700 Bloomfield Hwy Farmington, NM 87401-2834

This exceptional multifamily property at 3700 Bloomfield Hwy, Farmington, NM 87401, presents a compelling investment opportunity. The 0.793-acre lot houses a 17-unit apartment complex, comprising 15 studio apartments and two additional units created from a converted single-wide trailer. The property also includes a convenient on-site laundry room and a spacious house featuring an office. The asking price is $900,000. The property's versatility allows for operation as an apartment complex or a motel, catering to a diverse range of potential uses and income streams. The existing structure provides immediate income potential, while the substantial lot size offers possibilities for future expansion or development. Located in San Juan County, this property benefits from its strategic location in Farmington, New Mexico. This is a rare chance to acquire a well-established multifamily property with significant upside potential in a growing market. The property's current configuration and the potential for future development make it an attractive investment for both seasoned and emerging investors seeking strong returns. Detailed financial information is available upon request. This is a turnkey operation ready for immediate income generation.