502 Old Route 66, Moriarty, Nm 87035, Moriarty, NM 87035

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Joe A.

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Building Details:

• Year Built: 2007

502 Old Route 66, Moriarty, Nm 87035 is amulti-family property for lease in Moriarty, NM.

Route 66, Moriarty, NM 87035
3 Buildings Totaling 7,759 SF
Buildings A & B - 3,420 SF - 10 units circa 1970 (CMU block) updated in 2001
Building C - 4,339 SF - 10 units, con-structed in 2007 (frame stucco)
Existing on-site Manager
On-Site Laundry
Master Metered-electric heating and cooling, gas for domestic hot water
According to Sperling’s Best Places, the residential vacancy rate in Moriarty is 1.2%
18.8% Cash on Cash
9.73% Cap Rate
Priced $155,000 Below Recent Appraisal
Sale is Contingent Upon Bankruptcy Court Approval

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