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Listed by Darin W Cahoon RE/MAX of Farmington
$ 895,000
Est. payment /mo
Active
Farmington, NM 87401
8 Baths
UPDATED:
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
Direction {\"Directions to Prprty\":true}
Interior
Heating Natural Gas
Cooling Evaporative Hall
Exterior
Garage No
Building
Faces {\"Directions to Prprty\":true}
Others
Pets Allowed No
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REVIEWS
Rouillé Atcitty
Ryan has been very thorough and clear about every step along the way when selling our house. He was available at any time and very quick to respond. He was clear and concise, never left us hanging. He made selling our house. Even when there was a snag, he was very thorough and made sure we understood. He is definitely a go getter. Thank you soo much Ryan!!
Liz A
Ryan was awesome to work with. Super friendly and professional. He showed us many, many homes, and listened to our likes and dislikes as we went along. He kept us informed throughout the whole process. I highly recommend Ryan for your real estate needs. He’ll take care of you. 😁
Stetson Schmitz