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Falcon Flats 309 S 6th St 14 Unit Apartment Building $3,071,024 CAD ($219,359 CAD/Unit) Loving, NM 88256

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INVESTMENT HIGHLIGHTS

  • 14 1-3 Bedroom fully furnished apts, some with washer/dryer, exquisite owner/managers residence, basketball gym, game room(s), laundry room
  • Situated on 1.98 acres and just 2 blocks north of Loving Schools
  • Covered patio, some flats have courtyard access, 3500 sq ft office/conference/training facility with men/women's restrooms

EXECUTIVE SUMMARY

Have a look at the beautifully remodeled Loving, NM Jr High School located in the Permian Basin & just 2 blocks from the Loving schools. This facility can be your next business location with offices, training facility & employee housing or a multi-family, flex-use investment! Fully furnished & 100% occupied. 1 to 3 bedroom apts with 3500+/- sq ft office & training/conference room, basketball gym & game rooms, laundry facility, flats 10 -14 have access to fenced courtyard. The original wood shop has been exquisitely remodeled into a beautifully natural lit 2 bedroom 2 bath Owner's residence using the original metal home-economic cabinets in the spacious kitchen & laundry room; artfully touched celling accents using the gym bleacher wood, an oversized heated/cooled garage/workshop with 220 power & much more. All flats have individual exterior entrances, refrigerated AC units, 5 units have a washer/dryer.

PROPERTY FACTS

Price $3,071,024 CAD
Price Per Unit $219,359 CAD
Sale Type Investment
No. Units 14
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 1.98 AC
Building Size 30,034 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1960/2019
Opportunity Zone Yes

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer
  • Smoke Free

SITE AMENITIES

  • Business Center
  • Laundry Facilities
  • Basketball Court
  • Furnished Units Available
  • Gameroom
  • Smoke Free

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 3 - -
2+1 7 - -
3+2 2 - -
3+1 1 - -
2+2 1 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4-165-137-067-012
Land Assessment
$3,427 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,427 CAD
  • Listing ID: 28235719

  • Date on Market: 2023-04-14

  • Last Updated:

  • Address: 309 S 6th St, Loving, NM 88256

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