Subject-To
Sub-To Deal · Single Family, Farmington, NM · Motivated Seller
4650 North Butler, Farmington, NM · Listed Jan 2025
The seller hasn’t added photos yet
Property typeApartment
Units38
Living area38,112 sqft
Lot2.7 acres
Year built1962
About this deal
Subject-to existing financing on a 3-bed, 2.0-bath single-family home in Farmington, NM. Take over the existing mortgage payments and acquire the deed for $70,000. Seller is motivated; equity in the property from day one. Sub-to due diligence package available on request.
The numbers
- Cap rate
- 6.7%
- Net operating income
- $24,864/yr
- Cash flow
- +$2,072/mo
- Occupancy
- 38 of 38 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.