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

Listing Office: CENTURY 21 Camco Realty
Last Updated: July - 12 - 2024
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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