Catylist ID: #30053827
Multi-Family for Sale
|Catylist Listing ID:||30053827|
|Number of Units:||5 Units|
|Building Size (RSF):||4,430 SF|
|Gross Land Area:||7,998 SF|
|Unit Price:||$108,000 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||4,430 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
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 $596,327.
Measures of investment performance on actual numbers include: 6.70% Cap rate, and 12.30% before tax internal rate of return.
Measures of investment performance on proforma numbers include: 7.10% Cap rate, and 15.50% before tax internal rate of return.
Do not disturb residents.
Property is being marketed using BID process with a fixed tour date - noon on Wednesday May 24th, 2017 - email listing agent for link and an offer deadline of May 31st, 2017.
Attachments & Media
|Finance Data Year||2016|
|Real Estate Taxes - Annual($)||$2,902 (Annual)|
|Assessed Value - Total($)||$363,163 (Annual)|
|Net Operating Income||$30,005 (Annual)|
|Gross Operating Income||$47,922 (Annual)|
|Actual or Proforma Year||Actual|
|Nearest MSA:||Santa Fe|
|Taxing Authority:||Santa Fe|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Legal Description:||Lot 31, and portion of Lot 30, Block 2, Perez Addition|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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