$496,084

Triplex In Santa Fe

  • 1,740 Sqft
  • 4,792 Sqft lot
  • Updated: May 7
  • Source:
    Santa Fe Association of REALTORS  MLS#202601933

About the Property

Just minutes away is the transformative Midtown District redevelopment, a major mixed-use project expected to bring new housing, employment centers, creative office space, parks, and cultural uses to the heart of Santa Fe. This continued investment enhances the long-term growth story for surrounding neighborhoods and increases the desirability of nearby housing. The property consists of three one-
Just minutes away is the transformative Midtown District redevelopment, a major mixed-use project expected to bring new housing, employment centers, creative office space, parks, and cultural uses to the heart of Santa Fe. This continued investment enhances the long-term growth story for surrounding neighborhoods and increases the desirability of nearby housing. The property consists of three one-bedroom / one-bath units totaling approximately 1,740 square feet on a 0.11-acre parcel. Metrics of investment performance at the ask price of $496,084 and average rents of $1,270 include a GRM of 10.83, a before-reserves cap rate of 5.89%, a price per sf of $285.11, a price per unit of $165,361 with an after-tax IRR of 12.9%.
  • Property type

    House

  • Year built

    1980

  • Price/sqft

    $285

Features

  • Investment Property

Explore the Area

1607 5th Street, Santa Fe, New Mexico, United States View on Google Maps
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Maestas Real Estate - Rio Rancho

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Maestas Real Estate - Rio Rancho
New Mexico, United States
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Maestas Real Estate - Rio Rancho
Rio Rancho, New Mexico, United States
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Last updated
May 7
First listed
May 7
Listing reference
202601933
Listing status
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