Farmington, NM
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.
Broker Details
RE/MAX of Farmington (505) 327-4777
MLS ID: 8585 State License Number: 47191
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $895,000 |
| No. of Units: | 7 |
| Opportunity Zone: | No |
| Price per unit: | $127,857 |
| Property Website | Click Here |
| Number of Bedrooms: | 14 |
| Number of Bathrooms: | 8 |
ID: 3yd-SJCBRNM-26-1114
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