1415 Juneau Place Farmington, NM 87401

Perfect Investment Property with Room to Grow! 1415 Juneau Pl, Farmington, NM. This appealing multi-family property features four 2 bedroom, 1 bathroom apartments, each offering 784 sq ft of comfortable living space. The interiors have open kitchens, good sized laundry areas with washer and dryer hookups, a big tenant convenience! Tenants also appreciate the covered parking spots complete with locking storage units for each apartment.The views from the property are of the bluffs and the greenery of open pastures, this property merges the beauty of Farmington's landscape with the practicality of in-town living, without compromising on a sense of seclusion. (The fourplex is one of only two residences located on Juneau Place). To top the excellent location off is the nearby Sycamore Park Community Center, it's almost the next door neighbor!Built to last, the building's brick construction is perfected by a new metal pro-panel roof with gutters, installed in 2023. Additional recent updates include new washer and dryer ducts and vents, fresh exterior paint, and various unit-specific improvements enhancing the property's overall value and appeal.Beyond its current configuration, this ample 1.175-acre lot holds potential for future development, offering an exciting prospect for growth and creativity. The property is zoned for low-density multi-family use, seller discussions with the city for sewer connection and future use will add a layer of value. A testament to its desirability, the property has an excellent rental history, with three of the four units occupied by long-term tenants. The recent improvements and the meticulous upkeep of the property promise continued service for decades to come.Please respect the privacy and comfort of the current tenants. Viewing is by appt. only, with a 24-hour notice for tenant notification.Don't miss the chance to invest in a property that combines steady income, growth potential and a picturesque setting!