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Listed by Darin W Cahoon RE/MAX of Farmington
$895,000
Est. payment /mo
8 Baths
New
Farmington, NM 87401
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Key Details
Property Type Other Types
Sub Type Apartment Building Complex
Listing Status Active
Purchase Type For Sale
Subdivision Hunter'S Addition
MLS Listing ID 26-1114
Full Baths 8
Property Sub-Type Apartment Building Complex
Source San Juan County Board of REALTORS®
Property Description
INVESTMENT OPPORTUNITY | 7-UNIT MULTIFAMILY | APPROX. 7.53% ANNUALIZED CAP RATE
Offered at $895,000, Cherry Orchard presents an attractive multifamily investment opportunity with established rental income and strong current performance. Based on Jan.-June 2026 financials, the property reflects an approximate 7.53% annualized cap rate at the current asking price.
Current rent roll reflects solid recurring income with additional revenue from utilities, pet rent, and other tenant charges. A strong opportunity for investors seeking cash flow, income stability, and potential upside.
Rent roll and P&L available to qualified buyers. Buyer to verify all financial information.
Offered at $895,000, Cherry Orchard presents an attractive multifamily investment opportunity with established rental income and strong current performance. Based on Jan.-June 2026 financials, the property reflects an approximate 7.53% annualized cap rate at the current asking price.
Current rent roll reflects solid recurring income with additional revenue from utilities, pet rent, and other tenant charges. A strong opportunity for investors seeking cash flow, income stability, and potential upside.
Rent roll and P&L available to qualified buyers. Buyer to verify all financial information.
Location
State NM
County San Juan
Area 7F
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Interior
Heating Natural Gas
Cooling Evaporative Hall
Exterior
Garage No
Building
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Others
Pets Allowed No
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