Apartment Complex
706 South 8th St : Tucumcari, NM 88401
Quay County, New Mexico
Shown by Appointment Only
Land Description
An established 14 unit apartment complex for sale in Tucumcari, New Mexico. This apartment complex is located literally across the street from Mesalands Community College, providing affordable student housing in a city that is in short supply of housing of any kind. This building has 10,056 square feet with 2 buildings and is located on historic Route 66. This is a 2 story multifamily unit that has existed for many years to accommodate the college.
This building has 8 - 2 bedroom units
4 - 1 bedroom units
2 - efficiency units
This apartment building is fenced and exists in a very convenient area to shopping, college and dining establishments located along old Route 66.
Some of the units are being remodeled now and that is why occupancy is about half now. Also occupancy is usually 90 - 100% when fall semester of college begins.
The sellers are very motivated to sell and this is a good opportunity to own a proven money maker in a very scenic and friendly town located approximately 115 miles west of Amarillo, Texas and 175 miles east of Albuquerque, New Mexico.
This property is listed at $900,000.00
Contact broker to schedule a showing.
Land Maps
Directions to Land
In Tucumcari take Tucumcari Boulevard west to 8th St. Property is on the right (east) side of 8th street.
