1004 Santa Cruz Rd, Santa Cruz, NM 87567

NM Apartment Advisors and Maestas Realty Service are excited to bring to market an amazing compound style community in northern New Mexico and in one of the hardest markets for an investor to make an entre in—world recognized, Santa Fe (county) NM.

In addition to being the state capital, and the oldest capital in North America, Santa Fe is a top market on the planet for travel, culture, food, arts, film/tv and so much more.

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.

Information from the 2024 Espanola housing summit can be found at https://www.ventanafund.org/borrower-resources/housing-summits/

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.

The 26 page marketing flyer can be downloaded at http://www.nmapartment.com/apt/NMAA-SantaCruz1004SF.pdf

To obtain additional information, qualified investors can completed the online confidentiality agreement at http://www.nmapartment.com/santacruz1004

Buyers can discover the Sellers concession to Buyer that can be used to cover the buyers brokerage fee by emailing compensation@nmapartment.com with NMAA-2583004 in the subject line.

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.

Todd Clarke CCIM CIPS
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
tclarke@nmapartment.com

and

Anita Maestas
Qualifying Broker & Owner
Maestas Real Estate Services, Inc.
505-463-3565
anita@maestasrealty.com