Great opportunity to purchase a multi-unit property (4-plex) within two miles of the plaza. Close to Baca Railyard, Santa Fe River Trail and the Acequia Trail. Lot has plenty of room for parking and potential for a large garden, or communal area for tenants. Three separate meters on property. Great return on investment. This Four-plex includes: Unit 1 - 3 bedroom, 2 bath | Unit 2 - 2 bedroom, 1 bath | Unit 3 - 1 bedroom, 1 bath | Unit 4 - studio, 1 bath. All units are presently rented; property is sold in "As-Is" condition. Property Analytics (current): Monthly Income $4,750, Yearly Gross Income $57,000, Insurance $1,559, Taxes $2,167, Estimated Maintenance $3,000, Net income $50,274, Cap Rate 9.14%. The above numbers are estimates only and may change and do not include an allowance for vacancies. The property address consists of 1519, 1519 1/2, and 1517 Agua Fria Street.
Stephen Hardy
Hardy & Company