1 Calle Medico Unit 1 , Unit 1

    Santa Fe, NM 87505
    • $650,000
    • STATUS: Active
    • ON SITE: 15 days
    • MLS #: 201904892
    UPDATED: 50 min ago
    $650,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,785
      SQFT
    • $233
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Net leased office condominium investment leased to successful and long standing accounting firm Zlotnick and Laws PC. One unit of a two unit condominium well located near the hospital, medical offices, professional offices on Santa Fe's southeast side. Thirteen parking spaces in a paved lot. Good visibility from Arroyo Chamiso and Old Pecos Trail. Tenant pays all expenses except outside maintenance. No condo fee, instead, each owner maintains its portion of the common areas. Three years left on the lease with 2% annual rent escalation. At the asking price of $650,000 measures of investment performance are GRM of 13.5, a cap rate of 7.38%, price per square foot of $223 and an after tax, post financing IRR of 11.3%.

    Monthly Payment Calculator



    © 2019 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. 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 The Desmond 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 and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-12T12:51:54.503.
    www.homesinsantafenm.com/homes/100328692

    1 Calle Medico Unit 1 , Unit 1 Santa Fe, NM 87505

    • Price: $650,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 201904892
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    2,785
    SQFT
    $233
    $/SQFT
    1980
    Built
    Neighborhood:
    3S-Sf City Se South
    County:
    Santa Fe
    Area:
    3S-Sf City Se South
    Property Description
    Net leased office condominium investment leased to successful and long standing accounting firm Zlotnick and Laws PC. One unit of a two unit condominium well located near the hospital, medical offices, professional offices on Santa Fe's southeast side. Thirteen parking spaces in a paved lot. Good visibility from Arroyo Chamiso and Old Pecos Trail. Tenant pays all expenses except outside maintenance. No condo fee, instead, each owner maintains its portion of the common areas. Three years left on the lease with 2% annual rent escalation. At the asking price of $650,000 measures of investment performance are GRM of 13.5, a cap rate of 7.38%, price per square foot of $223 and an after tax, post financing IRR of 11.3%.
    Exterior Features

    Access Type Ada Construction Frame Extras Kitchen AreaPavedRestroomsSpace HeaterWater Heater Parking Facilities Parking AreaParking LotPavedStreet Parking Roof Flat

    Interior Features

    Floor CarpetingTile Miscellaneous Inside StorageSecurity LightingShelving Sq Ft Total Building 2000 - 2999

    Property Features

    Approximate Age 21-30 Years Authority Santa Fe City Bank Owned No Building Currently Leased Yes Building Use CommercialMedicalOffice Commercial Type Office Documents On File ApodLegal DescriptionNoiRecorded Plat Electric Electric - 115VElectric - 220V Estimated Future Tax $5287 Gas Natural High Speed Available CableDslWireless Lease Type Net Lot Size Source Tax Data Owner Pays Outside Maintenance Possession Upon Funding Seller Will Lease BackSell in Entirety Sewage City Sq Ft Source Appraiser Tax Year 2019 Taxes 4304 Telephone Landline On-Site Tenant Pays ElectricGarbageGasInternet ServiceSewerWater Terms CashConventional Water City Water Rights No Zoning C-1

    Listing provided courtesy of Tai Bixby Associates of Keller Williams. © 2019 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


    © 2019 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. 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 The Desmond 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 and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-12T12:51:54.503.
     
    The Desmond Group
    130 Lincoln Ave. Suite 27
    Santa Fe NM, 87501