Santa Fe

Multi-Family for Sale
Catylist Listing ID: 30053827
Property Subtypes: Low-Rise/Garden
Number of Units: 5 Units
Building Size (RSF): 4,430 SF
Gross Land Area: 7,998 SF
Sale Price: $540,000
Unit Price: $108,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,430 SF
Sale Terms: Cash to Seller
Cap Rate: 6.7%
Average Occupancy Rate: 100
Last Updated: 8/13/2017

Overview / Comments

Rare opportunity to find an investment property in this price range in historic Santa Fe!

This well located 5 unit apartment in Santa Fe NM - is located just south and west of the historic plaza and north and east of amazing Meow Wolf.

Priced at recent appraisal at $540,000 and market comparables supports a price of $596,327.

Measures of investment performance on actual numbers include: 6.70% Cap rate, and 12.30% before tax internal rate of return.

Measures of investment performance on proforma numbers include: 7.10% Cap rate, and 15.50% before tax internal rate of return.

Do not disturb residents.

Property is being marketed using BID process with a fixed tour date - noon on Wednesday May 24th, 2017 - email listing agent for link and an offer deadline of May 31st, 2017.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $2,902 (Annual)
Assessed Value - Total($) $363,163 (Annual)
Net Operating Income $30,005 (Annual)
Gross Operating Income $47,922 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Taxing Authority: Santa Fe
Tax ID/APN: 1-053-098-047-316
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1964
Legal Description: Lot 31, and portion of Lot 30, Block 2, Perez Addition

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,399 53,953 79,421
Median Age: 48.06 46.8 43.27
Households: 6,627 26,628 35,943

Contact

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