2008 N TUCKER Avenue

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2008 N TUCKER Avenue

Farmington, NM 87401
Asking Price
$440K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in Farmington, New Mexico.
  • The property consists of four individual rental units.
  • Offered for sale at an asking price of 440000 dollars.
  • Positioned within the active Four Corners regional economy.
  • Managed asset size suitable for various investment portfolio strategies.

What's Special

Farmington serves as a vital economic hub in the Four Corners region, supported by a diverse base of energy, healthcare, and retail sectors. This multifamily property at 2008 N Tucker Avenue provides a stable investment vehicle within the local residential landscape. The asset consists of four individual apartment units, offering a manageable scale for investors looking to establish or expand their presence in this growing New Mexico market. The site is situated within reach of key regional infrastructure, allowing for straightforward access to local services and employment centers. Given the consistent demand for rental housing across the city, these units are well-positioned to serve long-term tenants seeking proximity to the urban core. This building represents a direct opportunity to acquire residential density in a market that remains an essential stop between major regional metropolitan hubs.

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NOI
$80,000
Cap Rate
18.18%
DSCR
3.06
Strong
Cash-on-Cash
40.82%
Monthly Payment
$2,176.88
Annual Cash Flow
$53,877.441

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