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 tomonth. R21 zoning allows for multifamily residential use. The property has non-contributing historic status but there are HDRB restrictions on changing the portal/faade 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.
Santa Fe’s Historic Eastside
With some homes dating back centuries, these neighborhoods boast some of Santa Fe’s most photographed adobe homes and gardens. Hosting a mix of multi-generational families and newcomers, the homes, often hidden behind high walls and accessed by narrow, dirt lanes, recall the city’s early history and lend Santa Fe a unique heritage.