Cash flowing-23-unit Apartment Building in the rapidly transforming Midtown-Siler district...close to Meow Wolf, 2nd Street Brewery, Dual Brewery, Java Joe's, and Natural Grocer's. This property has been stylishly upgraded,19 of the 23 units have had full interior remodels and they are crisp, clean and contemporary. White shaker kitchen cabinets, Quartz counter tops, new appliances, new lighting, new flooring, and new bathroom finishes. The heating system of the building has been completely redone with new electric, blue-tooth heaters. The tenant profile has transformed to working professionals, college graduates, and student millennials. There are 8 - 2BR,1BA units (mostly rented at $950/ month) 11-1BR,1BA units (mostly rented at $795/ month) and 4 studios ($695/ month). New Laundry facility in permit- debit card controlled 4 washers, 4 dryers-7 year lease-owner receive 40% revenue. Individually metered electric, gas is a master meter. There is a bit more exterior work to be done on the property but the bulk of the work has been done!
Santa Fe city southwest, the largest area of Santa Fe and still growing….
West Side
This older, family community boasts an eclectic mix of commercial development and mid-priced adobe structures. St. Anne’s church and Larragoite elementary school help create a neighborhood atmosphere.