11101 County Rd. LL

Active

$795,000

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Property Description

Here is a great opportunity to own this 50 unit apartment building that is broken into three separate buildings According to the Otero County Assessor, the South building consists of 10,848 sq ft with 22 apartments; the West building has 6,888 sq ft with 14 apartments; and the North building also has approximately 6,888 sq ft with 14 apartments, plus an additional space with a laundry facility, office and attached garage space for supplies, tools and maintenance items. The apartments are currently designated for farm labor housing with only 16 units occupied. A new owner will be able to lease the property to all users, not just farm labor which should allow these apartments to increase in occupancy rate. Most all the apartments have an adjoining door to the neighboring apartment for families who need a larger apartment. Two of the units are designated as handicap units with showers instead of tubs. There are four play ground areas and paved parking within the complex. Call today and see how you can take advantage of this great opportunity.

Contact Agent

Tom Brann

Property Details

Property Type

Apartment

Square Footage

24624

Bedrooms

99

Number of Storeys

1

Bathrooms

51

Year Built

1966

Property Location