NOT LISTED FOR SALE

701 Airport Dr Farmington, NM 87401

-- Bed
22 Baths
198,550 Sq Ft
4.25 Acres

Last Sold April 17, 2024

Highlights

  • Patio
  • 1-Story Property
  • Refrigerated and Evaporative Cooling System
  • Storage
  • Open Floorplan
  • Laundry Facilities

About This Home

As of April 2024

Thrilled to introduce this apartment complex, situated on a sprawling 4.25 acre lot. This unique property boasts 22 studio units, a big laundry room, also including a spacious house with an office, featuring 3 beds and 1.5 baths. One of the highlights of this complex is the generous and inviting courtyard in the middle. Additionally, it has a large shaded area where your tenants can host delightful cookouts and create lasting memories with their loved ones. What sets this complex apart is the incredible potential that comes with owning 1 acre of free land within the complex. This blank canvas offers endless possibilities, allowing you to expand the current units or even create a storage lot for your tenants convenience. Whether you're looking for a cozy apartment or an investment opportunity, this versatile complex has something to offer. Come check this amazing investment property out today!

Last Agent to Sell the Property

Sergio Quintana

EXP Realty, LLC License #REC20230586 Listed on: 03/15/2024

EXP Realty, LLC

Last Buyer's Agent

Sergio Quintana

EXP Realty, LLC License #REC20230586 Listed on: 03/15/2024

EXP Realty, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,107

Lot Details

  • 4.25

Home Design

  • Composition Roof

Interior Spaces

  • 22 Full Bathrooms
  • 1-Story Property
  • Furniture Available With House
  • Open Floorplan
  • Storage
  • Dryer
  • Microwave

Flooring

  • Carpet
  • Concrete

Parking

  • 1 Parking Space Included
  • Paved Parking

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating Available

Additional Features

  • Patio
  • Property is in good condition

Listing and Financial Details

  • Rent includes cable TV, electric, gas, lawn services, water
  • 12 Month Lease Term

Community Details

Overview

  • 23 Units
  • Airport Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,107

Lot Details

0

Listing Details

  • Home Age: 51 +
  • FloodZoneA: No
  • Foreclosed Pre Foreclosed: No
  • Listing Member Name: Sergio Quintana
  • Listing Office Short Id: exprealty
  • Number Of Stories: One
  • PendingForeclosure: No
  • Prop. Type: Multi-Family
  • Selling Member Short Id: SQuintana
  • FILLSUBDIVISION: Airport
  • Property Sub Type: Apartment Building Complex
  • Type of Tenancy: One Year Lease, Six Month Lease
  • UtilSvcInclRent: Cable TV, Electric, Gas, Lawn Services, Water
  • Special Features: None

Interior Features

  • Amenities: Central Laundry, Other
  • Appliances: Dryer, Microwave, Refrigerator
  • Basement Bathrooms: 22.00
  • Updated Floor: Slab
  • Unit Features: Carpets, Extra Storage, Furniture, Kitchen/Dining Combo, Living/Dining Combo, Patio

Exterior Features

  • Property Condition: Good
  • Exterior Construction: Other
  • Roof: Compsition (Asp/Shg)

Garage/Parking

  • Parking: Paved Area

Utilities

  • Cooling: Evaporative Central
  • Heating: Electric
  • Water and Sewer: City Sewer, City Water

Condo/Co-op/Association

  • Units in Building: 23

Lot Info

  • Lot Size: 4.25 Acres
  • Zoning: Other - See Remarks

Multi Family

  • Number Of1 Bedroom Units: 22.00
  • Number Of 3 Bedroom Units: 1.00
  • Parking Per Unit: One, Two
  • Total Full Baths: 22

Tax Info

  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2023
Sold by
Four Corners Cultivation Llc
Bought by
Jaquez Chris V and Jaquez Jeanette L

Purchase Details

Closed on
Feb 7, 2022
Sold by
Royal Inn Llc
Bought by
4 Corners Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2007
Sold by
Patel Mahendrabhai Hirabhai and Patel Pragnaben Mahendrabhai
Bought by
Patel Mahendrabhai Hirabhai
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jaquez Chris V -- None Listed On Document
4 Corners Apartments Llc $473,812 None Listed On Document
Patel Mahendrabhai Hirabhai -- Nmtc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 4 Corners Apartments Llc $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2024 04/18/24 Off Market -- -- --
04/17/2024 04/17/24 Sold -- -- --
03/15/2024 03/15/24 Pending -- -- --
Source: San Juan County Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,107 $189,291 $0 $0
2023 $5,107 $177,267 $0 $0
2022 $4,367 $160,820 $0 $0
2021 $3,605 $132,776 $0 $0
2020 $4,364 $160,716 $0 $0
2019 $4,467 $164,676 $0 $0
2018 $5,104 $188,248 $0 $0
2017 $5,106 $184,509 $0 $0
2016 $4,998 $184,509 $0 $0
2015 $5,005 $184,509 $0 $0
2014 $5,003 $184,562 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Sergio Quintana

    EXP Realty, LLC

    (505) 278-4117

    34 Total Sales

    Sergio Quintana
    Section Image
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Map

Source: San Juan County Board of REALTORS®

MLS Number: 24-161

APN: 0025046

New Mexico San Juan County Farmington 87401

701 Airport Dr, Farmington, NM

Not Listed for Sale

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