Property Description
CALLING ALL INVESTORS!!! Sweet South Capitol Fourplex offered for the first time since 1982. Ample on-site parking. This fourplex unit mix consists of a single 2 bed/1 bath unit and three 1 bed/1 bath units. No washer/dryers. Leases are month to month. R21 zoning allows for multifamily residential use. The property has non-contributing historic status but there are HDRB restrictions on changing the portal/façade on the original 1950’s back part of the building. The 1983 addition to the front of the building has more flexibility for expansion. All 4 units have their own electrical meter. Unit 118 and 120 A have gas heat on a single meter. Units 120B and 120C are all- electric units. Measures of current investment performance are a GRM of 21, pre reserves CAP rate of 4.86%, price per square foot of $333/sf and price per unit of $262,000/unit. Proforma measurements of investment performance is estimated at a cap rate of 8% and a GRM of 12.5. Please do not disturb tenants.
Features
: Electric, Natural Gas
: Onestory
: Carport
$0
: Composition, Flat
: Public Sewer
Address Map
NM
Santa Fe
Santa Fe
87501
118-120 W Berger Street
0
W106° 3' 25.5''
N35° 40' 37.1''
Additional Information
Real Estate Advisors, LLC
Tai Bixby
: Notadacompliant
$0
3,156 Sqft
: Stucco, Frame
6
6
3n-sf City Se North
On W Berger Between Galisteo and Don Gaspar
$0
Wood Gormley
Santa Fe
: Nointeriorsteps
Cash,Conventional
$0
Milagro
12180096
$3,198
2023
: Electricity Available, Other, See Remarks, Separatemeters
RM
2.5
%

Residential Income

118-120 W Berger Street, Santa Fe, New Mexico 87501

9,583.20 Sqft
Visits : 50 in 24 days
$1,050,000
Listing ID #202401250
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 202401250
Price : $1,050,000
Year Built : 1950
Acres : 0.22 Acre
Lot Area : 9,583.20 Sqft
Status : Active
Property Sub Type : Multi Family
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