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$1,323,100
Est. payment /mo
6 Beds
9 Baths
8,740 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,740 sqft
Price per Sqft $151
MLS Listing ID 827997
Bedrooms 6
Full Baths 9
Year Built 1980
Annual Tax Amount $13,039
Tax Year 2025
Lot Size 0.580 Acres
Acres 0.58
Property Sub-Type Fourplex
Property Description
''Bloomfield Bonanza'' Take advantage of this rare opportunity to acquire a well-performing 16-unit multifamily complex, ideally situated in the heart of Bloomfield, NM. Spanning over half an acre, this property includes four separate 4-plex buildings—three of which feature 1-bedroom, 1-bathroom units, and one offering 2-bedroom, 1-bathroom units. Vacancy rates are consistently low, with units leasing quickly due to strong demand and a central location. All units feature updated windows for improved energy efficiency and aesthetic appeal. Fourteen of the sixteen units have been upgraded with modern tile flooring, and many have newer water heaters—approximately half of which are electric. Each unit is equipped with wall heating and window-mounted A/C units, and tenants are responsible for their own electricity expenses. The complex offers a minimum of two dedicated parking spaces per unit, a low-maintenance lot with mature shade trees, and a no-pet policy that has helped preserve unit condition. While some exterior paint and roofing work may be needed, the sellers are open to offering a price reduction or repair credit to accommodate these improvements. Whether you're expanding your portfolio or seeking a reliable income-producing asset, this centrally located complex offers long-term upside with minimal ongoing management demands. OWNER CARRY AVAILABLE!
Location
State NM
County San Juan
Zoning Residential Multi Family
Rooms
Dining Room Kitchen/Dining
Interior
Cooling Evaporative Cooler, Window Unit(s)
Inclusions Range/Oven, Refrigerator
Furnishings Unfurnished
Building
Story One Story
Sewer City Sewer, City Water
Water City Sewer, City Water
New Construction No
Schools
Elementary Schools Open Enrollment
Middle Schools Open Enrollment
High Schools Open Enrollment
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Listed by eXp Realty, LLC