Property Type:
Residential Income
Baths:
22
Status:
Active
Current Price:
$1,050,000
List Date:
7/23/2026
Last Modified:
8/12/2026
Overview
Description
''Villa View Apartments'' Awesome value-add multifamily investment opportunity in Farmington, New Mexico. This two-story apartment community features 22 units, comprising 12 studios and 10 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 95% occupied, the property has the potential to generate approximately $19,200 in gross monthly rental income with minimal improvements. The property is offered as-is. Current gross rent is $14,250/mo.
Very attractive financing options available with 30% down! 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: August - 12 - 2026
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IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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