$625,000

109 S St Francis Drive

Santa Fe NM, 87501

Description

Tired of stock market whiplash? Try investing in stable real estate. This is a five plex on Saint Francis Drive near downtown Santa Fe consisting of 4 one-bedroom apartments and 1 studio apartment with 11 parking spaces. Built in 1982 frame/stucco construction. New roof installed in fall 2019 with a 5 year warranty. Fully leased investment property. Annual income is $57,540 including rent and utilities. Projected 2020 expenses are $12,112. Measures of investment performance are net operating income of $45,427, cap rate of 7.27% and gross rent multiplier of 10.8. Flexible C-4 zoning allows for professional offices, multifamily residential and short term rentals.

Details

MLS#202003548
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1982
Days On Site36

Features

Units5
Building(s)1
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Area Information
StateNM
CountySanta Fe
CitySanta Fe
Zip Code87501
Area3N-SF City SE North
Listing VS Median (in 87501)
Price:
$625,000
low | high
Med:
$579,000
57.36% of Average
On Site:
36
low | high
Med:
24
100% of Average
Listing Updated: 09/30/2020
Tai Bixby LogoMLS Number: 202003548
Listing Provided By:
Tai Bixby  of  NAI Maestas Ward Santa Fe
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Santa Fe Association of REALTORS