1004 Nm 76, Espanola, NM 87532
- $1,023,993
- List Price
- $1,023,993
- MLS#
- 202503167
- Property Type
- Multifamily
- Lot Size
- 50,094
- Region
- 32-Fairview
- Status
- ACTIVE
Property Description
This seven plex is well located in close proximity jobs, retail, restaurants, casinos and the world famous El Parasol and Rancho Chimayo Restaurants. Each of the units has it’s own laundry or shares with one additional unit. Most of the residences have their own private yard spaces and truly feel like separate cottages in a larger northern New Mexico familial compound setting. The property is a value-add opportunity if repositioned to take advantage of the announced 20,000 jobs, at the rate of 2,000 per year, at Los Alamos National Laboratories (LANL) that will spill in the surrounding towns, cities and counties. The subject property is located 22 miles to the front gate of LANL. This property is strategically located at one corner of the Los Alamos/Espanola/Santa Fe employment triangle, which boasts a population of 217,008, with a median age of 45 and an average household income of $101,364. The property is offered at $1,023,993, with measure of investment performance that include a price per unit of $144,285, price per square foot of $178.37, a GRM of 8.32 and a cap rate at 7.67 with an average rent of $1,539 per unit per month. Please review the 26 page flyer and Espanola housing summit reports. Do not miss out on this rare opportunity to buy into a market that offers northern NM architecture in a family compound that is poised on the cusp of phenomenal job growth.
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Additional Information
- County
- Santa Fe
- Acres
- 1.15
- Interior Features
- No Interior Steps
- Cooling
- Evaporative Cooling
- Heating
- Electric, Forced Air
- Roof
- Flat
- Sewer
- Public Sewer
- Style
- One Story
- Utilities
- Other, Separate Meters, See Remarks
- Water Source
- Public
- Elementary School
- Espanola
- Middle School
- Carlos F. Vigil Espanola Middle School
- High School
- Espanola Valley High
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Listing courtesy of Todd D. Clarke from NM Apartment Advisors, Inc.
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Scarborough Realty Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it 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®.