1607 5th Street

Santa Fe NM 87505

1740 sq. ft.

4815 sq. ft.

Duplex

Currently for sale - view listing

Overview

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%.

Features

3 bedrooms

3 bathrooms

3 carspaces

1740 sq. ft. floor area

4815 sq. ft. lot size

Duplex

Property history for 1607 5th Street

2022

Sold

Undisclosed

16 Feb 2022 by David Fries, of Sotheby's International Realty - Santa Fe - 326 Grant Avenue Brokerage

Happy sellers in Santa Fe

We have insufficient information to provide an overview of customer satisfaction for Santa Fe. Viewing the agent profiles, reviews and sales for Santa Fe can provide insights for this location.

Local market activity for 3 bedroom duplexes in Santa Fe

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Todd Clarke

at NM Apartment Advisors, Inc.

View listing

Sales:: (619) 566-0008

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