2812 PARQUE DE OESTE Drive

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2812 PARQUE DE OESTE Drive

Farmington, NM 87401
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • The property is located in Farmington, New Mexico.
  • This asset is a 4-unit multifamily apartment building.
  • The building is situated on Parque de Oeste Drive.
  • This is an income-producing asset currently available for sale.
  • Farmington functions as a central hub for the Four Corners.

What's Special

Farmington serves as a key commercial hub in northwestern New Mexico, benefitting from its proximity to major energy sector operations and a steady regional economy. This multifamily apartment building sits on Parque de Oeste Drive, providing residents with access to the broader Four Corners area. The property consists of 4 units, offering a manageable scale for investors looking to establish or expand a footprint in this established residential submarket. The layout supports consistent rental demand from local workers and small families seeking functional living spaces within the city. Prospective buyers can leverage the existing structure for a straightforward rental strategy, capitalizing on the stable nature of Farmington's housing market. The asset represents a clear addition to a portfolio focused on income-producing residential real estate in the region.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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