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Priced at $16,000, this land parcel located at Lot 22 Road 39431 in Farmington, New Mexico, presents a specific acquisition target within the 87401 zip code. Situated in a region known for its energy industry roots and high desert landscape, the site offers potential for investors interested in residential development or land banking within the Four Corners area. Farmington serves as a primary hub for commerce and services in San Juan County, providing consistent demand for housing and essential land use. The parcel's classification as a single family rental portfolio asset indicates its strategic role in a residential investment strategy. Developers and investors evaluating long-term holds in the northwestern corner of the state will find this location offers proximity to regional transportation routes and established community infrastructure. Its current status provides flexibility for those looking to expand a portfolio through strategic land acquisition in a growing suburban market within the metro area.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.