Property Type:
Residential Income
Baths:
22
Status:
Active
Current Price:
$1,050,000
List Date:
7/15/2026
Last Modified:
7/15/2026
Overview
Description
''Villa View Apartments'' Awesome value-add multifamily investment opportunity in Farmington, New Mexico. This two-story apartment community features 22 units, comprising 11 studios and 11 one-bedroom apartments. Conveniently located near Four Corners Regional Airport, downtown Farmington, and the hospital, the property offers residents easy access to major employers, services, and amenities.
Currently 86% occupied, the property has the potential to generate approximately $19,250 in gross monthly rental income with minimal improvements. The property is offered as-is. Current gross rent is $14,790.
Attractive financing options may be available, including a potentially wrappable real estate contract. Buyer to independently verify all financial information, financing terms, property condition, and income projections.
Listing Office:
EXP Realty, LLC
Listing Agent:
Allen Elmore
Last Updated: July - 15 - 2026
The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ('IDX') program of SJCBR, Inc. Real estate listings held by brokers other than [ insert IDX Subscriber's firm name here] are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.
The information contained in this publication is subject to change without notice. SJCBR, INC. Makes no warranty of any kind with regard to this material, including, but not limited to, the implied warranties of merchantability and fitness for a particular purpose. SJCBR, INC. Shall not be liable for errors contained herein or for any damages in connection with the furnishing, performance, or use of this material.
