Santa Fe Tri-Plex in Midtown
Multifamily | 5.89% CAP | 3 Units
Marketing description
On behalf of the owners, NM Apartment Advisors and Maestas Realty Services are pleased to present this gem of a Santa Fe area triplex.
Located at 1607 5th Street this community is walking distance to multiple parks, retail establishments, and restaurants as well as biking distance to the dozens of miles of Santa Fe's outdoor hiking/biking trails. This property is also walking distance to the upcoming Midtown redevelopment area (https://midtown.santafenm.gov/)
This triplex contains three one bedroom, one bathroom units with a current average rent of $1,270 which leaves a long runway to increase value by raising rents closer to the market average of $1,648.
Do not miss out on this opportunity to be an owner occupant or investor in a market with strong job growth and a housing shortage.
Investment highlights
- This triplex contains three one bedroom, one bathroom units with a current average rent of $1,270 which leaves a long runway to increase value by raising rents closer to the market average of $1,648
- Opportunity to be an owner occupant or investor in a market with strong job growth and a housing shortage
- Walking distance to multiple parks, retail establishments, and restaurants
- Biking distance to the dozens of miles of Santa Fe's outdoor hiking/biking trails
- Walking distance to the upcoming Midtown redevelopment area
- Property is located in an opportunity zone and is in a qualified census tract
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