1607 5th Street, Santa Fe, NM 87505
- $496,084
- 3
- BD
- 3
- BA
- 1,740
- SqFt
- List Price
- $496,084
- MLS#
- 1102974
- Property Type
- Multifamily
- Bedrooms
- 3
- Bathrooms
- 3
- Sqft. of Residence
- 1,740
- Lot Size
- 4,815
- Region
- City of Santa Fe
- Status
- ACTIVE
Property Description
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%.
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Additional Information
- County
- Santa Fe
- Subdivison
- Capital Land & Townsite Co Addn
- Acres
- 0.11
- Appliances
- Refrigerator
- Construction
- Frame, Stucco
- Cooling
- Evaporative Cooling
- Flooring
- Tile
- Heating
- Wall Furnace
- Owner Pays
- Other, See Remarks
- Utilities
- Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
- Zoning
- R-2
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Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.