1607 5th Street, Santa Fe, NM 87505
- $496,084
- List Price
- $496,084
- Status
- ACTIVE
- Days on Market
- 83
- MLS#
- 202601933
- Style
- One Story
- Year Built
- 1980
- Lot Size
- 4,727
- Acres
- 0.11
- MLS Area Major
- 4S-SF City Limit SWS
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%.
/u.realgeeks.media/sweliterealestate/header.png)
Additional Information
- Interior Features
- No Interior Steps
- Property Description
- One Story
- Appliances
- Refrigerator
- Heating
- Other, See Remarks
- Air Conditioning
- Evaporative Cooling
- Roof
- Flat
- Elementary School
- Aspen Community Magnet School K-8
- Middle School
- Aspen Community Magnet School K-8
- High School
- Santa Fe
Mortgage Calculator
Listing courtesy of Anita Maestas from Maestas Real Estate
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 Real Estate Company 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®.