Madera Apartments | Fully Entitled Class A Multifamily Site

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30323790
Property Subtypes: Multi-Family
Gross Land Area: 19.99 Acres
Sale Price: $5,999,500
Unit Price: $300,125 Per Acre
Sale Terms: Cash to Seller, Other
Last Updated: 11/12/2018

Overview / Comments

• Projected NOI: $3,679,500
• Projected Value at 6% CAP Rate: $61,325,007
• Fully entitled 355-unit multifamily development opportunity
• Extremely rate Santa Fe, New Mexico development opportunity
• Coveted, world-renowned, luxury Santa Fe market
• Below-market rent projections in improving rental market
• High barrier to entry Santa Fe, New Mexico market
• Convenient location with easy access to all parts of the market and Interstate 25
• Located in the fastest growing region of Santa Fe
• Desirable yield with large upside value potential upon exit

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,904 43,095 79,010
Median Age: 37.1 35.34 39.13
Households: 2,131 16,511 33,323

Contact

Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Carlos Garcia

NAI Maestas & Ward CARNM CIE Member
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