1.15 Acres Lot
1.15 Acres Lot
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202503167
Style One Story
HOA Y/N No
Year Built 1949
Lot Size 1.150 Acres
Acres 1.15
Property Sub-Type Apartment
Property Description
The property is a value-add opportunity if repositioned to take advantage of the announced 20,000 jobs, at the rate of 2,000 per year, at Los Alamos National Laboratories (LANL) that will spill in the surrounding towns, cities and counties. The subject property is located 22 miles to the front gate of LANL.
This property is strategically located at one corner of the Los Alamos/Espanola/Santa Fe employment triangle, which boasts a population of 217,008, with a median age of 45 and an average household income of $101,364.
The property is offered at $1,023,993, with measure of investment performance that include a price per unit of $144,285, price per square foot of $178.37, a GRM of 8.32 and a cap rate at 7.67 with an average rent of $1,539 per unit per month.
Please review the 26 page flyer and Espanola housing summit reports.
Do not miss out on this rare opportunity to buy into a market that offers northern NM architecture in a family compound that is poised on the cusp of phenomenal job growth.
Location
State NM
County Santa Fe
Zoning R-1, 2, 3, 4, 5, 6
Interior
Interior Features No Interior Steps
Heating Electric, Forced Air
Cooling Evaporative Cooling
Fireplace No
Exterior
Utilities Available Other, Separate Meters, See Remarks
Water Access Desc Public
Roof Type Flat
Accessibility Not ADA Compliant
Private Pool No
Building
Sewer Public Sewer
Water Public
Architectural Style One Story
Schools
Elementary Schools Espanola
Middle Schools Carlos F. Vigil Espanola Middle School
High Schools Espanola Valley High
Others
Tax ID 174921127
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
- 5
Velarde Elementary School
Public | KG - 6
- 5
James Rodriguez Elementary School
Public | 1 - 6
- 3
Eutimio Salazar Elementary School
Public | KG - 6
- 1
Carinos de los Ninos
Public | KG - 8
- 1
Tony Quintana Elementary School
Public | KG - 6
- 0
Santa Clara Day School
Public | KG - 6
- 0
Los Ninos Elementary School
Public | PK - KG
- 0
Victory Christian Academy
Private | KG - 12
- 0
Rock Christian Academy
Private | KG - 12
- 0
Holy Cross Catholic School
Private | PK - 6
- 0
Valley Bible Baptist
Private | 1 - 11
- 3
Carlos F. Vigil Middle School
Public | 7 - 8
- 0
Camino de Paz School
Private | 7 - 9
- 4
Espanola Valley High School
Public | 9 - 12
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