Santa Fe Duplex R5 zoned

Multi-Family for Sale
Catylist Listing ID: 30426173
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,651 SF
Gross Land Area: 0.14 Acres
Sale Price: $569,000
Unit Price: $284,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 2,651 SF
Sale Terms: Cash to Seller
Last Updated: 7/15/2019

Overview / Comments

This trendy neighborhood is in the Baca street/Rail yard district. Close to all amenities and the Santa Fe plaza. This contemporary styled 2 unit casa with the Main house at 1605 sq ft, an attached casita at 796 sq ft and additional studio 250 sq ft. Studio is separate and all entrances totally independent from each other. Full remodel with the highest quality materials and a feel of modern openness throughout. Total of 4 bed / 3 bath / 2 kitchens / 2 laundry facilities and 2 wood burning fireplaces. 8'tall new top-end Marvin windows, new appliances, new electrical wiring, new plumbing, new plaster/stucco inside and out and a new roof. The light filled spacious casita has a brand new kitchen, high ceilings with wood beams and a cozy bedroom. In addition to these 2 fabulous modern living spaces there is a studio with large french doors, ideal for an art studio or office. There is also an unfinished basement perfect for storage. The front yard has fresh sod/grass with an automatic sprinkler system. Studio has electric can be used as additional rental unit. Drive through gates from ally in back of property. Financial info is estimated as Remodel was just completed.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $4,662 (Annual)
Potential Rental Income $38,400 (Annual)
Gross Operating Income $38,400 (Annual)
Net Operating Income $31,338 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Taxing Authority: Santa Fe County
Tax ID/APN: 1052097427409000000
Area Description: Up and coming area close to Rail yard District and Baca St. Near 2nd st Brewery's, Restaurants, Art Studios, downtown plaza
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 1
Year Built: 1950
Year Renovated: 2019
Parking Type: Surface
Parking Description: 4 onsite parking plus on street
Total Parking Spaces: 4
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Zoning Description: R-5
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: Lot 2 Blk 14 La Canada S/D

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,420 53,452 81,516
Median Age: 43.34 45.96 43.02
Households: 5,785 26,018 36,677
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