602 Orchard Ave Farmington, NM 87401
This exceptional six-unit apartment building, located at 602 N ORCHARD Avenue in Farmington, New Mexico, presents a compelling investment opportunity. Priced at $435,000, this property offers a strong potential for return. The building consists of six individual units, each featuring one bedroom and one bathroom, designed for comfortable living. The units are well-maintained and ready for immediate occupancy, providing a steady stream of rental income. The property's convenient location, just minutes from downtown Farmington, ensures high occupancy rates and ease of access for tenants. While the lot size is not specified, the building's prime location in the 87401 zip code within San Juan County makes it an attractive investment. The property's existing structure presents a solid foundation for future growth, with potential for value appreciation and increased rental income. This multifamily investment is ideal for both seasoned investors and those seeking to diversify their portfolio with a proven, income-generating asset in a desirable New Mexico location. The property's strong rental demand and convenient location make it a low-risk, high-reward investment prospect. This is a turnkey opportunity to acquire a profitable multifamily property in a thriving market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.