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21950383
21950364

503 U.S. Rte 66, Moriarty, NM 87035

Hanna Commercial, LLC
Listed by Hanna Commercial, LLC
$320,000
489 days on market
Updated 6 days ago

Moriarty Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,976
Net Rentable (SqFt) 2,976
Units 5
Cap Rate 9.00%
NOI $28,900
Occupancy 100%
Pro-Forma Cap Rate 9.00%
Pro-Forma NOI $28,900
Price per SqFt $108
Broker Co-Op Yes
Class C
Buildings 3
Stories 1
Lot Size (SqFt) 21,400
Zoning C-1 Light Commercial
Parking Spaces 15 spaces
Parking Per SqFt 5.04
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner

These apartments are in good condition, and they stay leased!

Marketing description

Prime Investment Opportunity on Historic Route 66!

**Do NOT disturb the tenants. Each unit is on the virtual walk through. Contact brokers for further details**

This updated 5-unit multifamily property in Moriarty, NM, offers a rare chance to own a fully rented income-producing asset with long-term tenants on month-to-month leases. The interiors have been modernized, the exterior refreshed, and essential updates to electrical and sewer systems provide peace of mind. With strong rental demand and room for growth, this turnkey property is ready to generate steady cash flow from day one.

Plus, three additional lots are available—bundle them for expanded potential or sell separately for added flexibility. Positioned along a major corridor with easy access to Albuquerque, this is a high-visibility, low-maintenance investment with upside potential. APOD available upon request.

Act now—opportunities like this don’t last!

Investment highlights

Income of 5 units and have the ability to purchase 3 lots next to them to add additional units or lease for income.

Listing Contacts

Hanna Commercial, LLC
Listed by Hanna Commercial, LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$28,900.00
$2,408.33/mo

Valuation Metrics

0
DSCR
9.03%
Cap Rate
9.03%
ROI

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Additional Information

Name
Richard Hanna, CCIM
License
9158
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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