Excellent investment opportunity in a high-visibility location. This property includes a a 4-unit residential building fully leased at market rents with updated units and clean, uncluttered common areas. The property also has a separate building with an auto mechanic shop, office space, and 2 bedroom apartment above occupied by owner of mechanic business. The long-running auto mechanic shop is leased for $1,650/mo, and is grandfathered in as the only mechanic business allowed in Farmington's main commercial district. Will work well for investors looking to build equity in a cashflowing, stabilized property that does not need any major improvements.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
