1101-1151 E Navajo Street, Farmington, NM 87401

$1,000,000

Property Type: Residential Income Square Footage: 8,960 Lot Size (sq. ft.): 65,776 Status: Closed

Current Price: $1,000,000 List Date: 5/17/2024 Last Modified: 7/12/2024

Overview

Description

This property consists of two 4-plex buildings plus excess land. Each building has 2 units upstairs and 2 units down. Each unit has 2 bedrooms, 1 bathroom, laundry in each unit, a fireplace in each unit, and private yards or balconies. The apartments also offer 4 carports that accommodate 8 vehicles, along with other uncovered parking. Buyer to verify number of parking spots. Additional vacant land in the rear can accommodate building more units. Zoned M-M Recent upgrades: 2022 Both exterior staircases rebuilt. 2023 All new windows 2023 New Stucco 2023 Two units totally remodeled 2023 New exterior lights 2023 Two HVAC units replaced 48 hr notice please San Juan County Zoning M-M

Listing Details MLS# 1063392

Status Change Info

Pending Date: 2024-05-17
Closing Date: 2024-07-12

Contract Information

List Price/SqFt: 111.61

Location

Street #: 1101-1151
Direction: E
Street Name: Navajo
St Suffix: Street
County: San Juan
City/Town Code: Farmington
State/Province: NM
Zip Code: 87401
MLS Area Major: 590 - San Juan
Zone Atlas: NOZA

General Property Description

# of Units: 8
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 8960
SqFt Source: Per Appraisal
Apx Lot Dim Front: unknown
Addl Lot Dim: NA
Apx Lot Dim Side: unknown
Lot Size Source: Per Appraisal
Acres: 1.51
Lot SqFt: 65776
Directions: East on North Main, North on E Navajo St, subject on left
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1983
Year Built Source: Appraiser
Age: 21 - 30
# Parking Spaces: 8
Disability Access: Unknown
LBP Disclosure: No
Builder: UNKNOWN
Owner Occupant Unit: No
Flood Zone: No Flood Map

Cooling

Centrally Ducted: Yes
Refrigerated: Yes

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 6
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 1120
Actual Rent: 950
Max Rent: 1200
Market Rent: 1000

# of Unit Types (2)

# of Units: 2
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 1120
Actual Rent: 1450
Max Rent: 1500
Market Rent: 1450

Unit Summary

Total Units: 8
Average Unit Size: 1120
Average Actual Rent: 1075
Annualized: 103200
Total Actual Rent: 8600

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 2075172190155

Tax & Legal Info

GRT Code: 16-121
Tax Exemption: No
Tax Annual Amount: 5926

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Balconies/Deck: Yes
Enclosed Yard: Yes
Fireplace All Units: Yes
Private Patios: Yes
Storage: Yes
Wshr/Dryr HU in Unit: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Some Utilities: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Water: Yes

Income & Expenses

Annual Gross Income: 102000

Build Description

Resale: Yes

Appliances included

Dishwasher: Yes
Dryer: Yes
Dryer H/U: Yes
Free-Standing Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes
Washer H/U: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Community: Yes

Miscellaneous Info

No Sign: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes
Sub-Metering: Yes

Operating Expenses

Insurance: Yes
Property Management: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes

Parking

Covered: Yes
Guest Parking: Yes
Paved: Yes

Roof

Shingle: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Current Lse Agreemnt: Yes
Rental History Avail: Yes

Zoning

R-2: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Balconies/Deck; Enclosed Yard; Fireplace All Units; Private Patios; Storage; Wshr/Dryr HU in Unit Appliances included: Dishwasher; Dryer; Dryer H/U; Free-Standing Electric Range; Microwave; Refrigerator; Washer; Washer H/U Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Refrigerated Flooring: Carpet; Vinyl Green Energy Generation: None Electric Provider: Community Miscellaneous Info: No Sign Metering: Individual Electric; Individual Gas; Sub-Metering Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance Owner Pays: Some Utilities Tenant Pays: Electric; Gas; Water Parking: Covered; Guest Parking; Paved Roof: Shingle Rental Info: Current Lse Agreemnt; Rental History Avail Finance Considered: Cash; Conventional Zoning: R-2

Documents

Tax Levy Disclosure ›

Additional Prop Info ›

Listing Office: CENTURY 21 Camco Realty

Last Updated: July - 12 - 2024

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