1999 Highway 17

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1999 Highway 17

Chama, NM 87520
Asking Price
$299K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Chama
  • Current asking price for the property is 299000 dollars
  • Asset currently maintains full occupancy status across all units
  • Additional land provides opportunity for future site development
  • Located along Highway 17 in Rio Arriba County

What's Special

This multifamily apartment building at 1999 Highway 17 in Chama, New Mexico, is currently offered for sale as an income-generating investment. Positioned within a scenic region of the state, the property currently maintains full occupancy, providing immediate cash flow for a new owner. The site includes additional land, which allows for potential expansion of the existing residential footprint. Investors looking to acquire a stabilized asset in a quieter market may find this property suitable for their portfolio needs. The layout and current configuration are designed to support steady rental demand, making it a functional choice for those focused on long-term holding strategies in this mountain community.

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NOI
$80,000
Cap Rate
26.76%
DSCR
4.51
Strong
Cash-on-Cash
69.40%
Monthly Payment
$1,479.289
Annual Cash Flow
$62,248.534

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