Investment Opportunity 3 Unit Multi-Family | Gallup, NM Excellent opportunity to acquire a centrally located 3-unit multi-family property at 610 S Fifth Street. This 24 unit property features three 2-bedroom, 1-bath units totaling approximately 2,832 square feet. Property is tenant occupied with separate electric, gas, and water meters, helping simplify management and expense control. Current rents are below market value, creating immediate upside potential for investors seeking improved cash flow. With strategic rent adjustments aligned to market rates, this asset offers strong income growth potential and attractive long-term returns. Situated on a corner lot near Fifth and Logan, the property offers convenient access to city amenities. Each unit includes functional layouts, dedicated living space, and access to on-site laundry facilities. Frame and stucco construction, pitched shingle roof, and city utilities provide a solid foundation for continued performance. Whether you are expanding your portfolio or entering the multi-family market, this property presents a compelling value at $235,000 with room to increase revenue and enhance overall yield. Shown by appointment only. 24-hour notice required. Pre-qualified buyers only.
Listing courtesy of Coldwell Banker High Desert Realty.
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