For Sale
$500,000

2730 Camino Lazo Santa Fe, NM 87505

Renovated Home, High ROI Potential

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 1,454 sq ft mixed-use property in Santa Fe, NM, presents a compelling investment opportunity. Completely renovated in 2024, this single-story home boasts a new roof, stucco exterior, refrigerated air unit, updated flooring, windows, furnace, and stainless steel appliances. The property features three bedrooms and two bathrooms, with a spacious open floor plan connecting the living, dining, and kitchen areas. The 7,840 sq ft lot includes a flagstone patio and apple trees. Currently vacant, the property offers a strong potential for rental income, with a pro-forma NOI of $36,000 and a pro-forma cap rate of 7.20%. The property's central location provides easy access to Arroyo De Los Chamisos Hiking Trail, restaurants, and shopping. Zoned C-RI, this owner-user investment features three parking spaces per unit and is listed at $500,000, representing a price per square foot of $343.88. Built in 1978, this meticulously updated property offers a blend of modern amenities and a desirable Santa Fe location. The current NOI is $35,000, with a 7.00% cap rate. The APN is 016008109. This is a motivated seller situation.

Highlights

  • $500,000 asking price for a renovated 1,454 sq ft single-family home.
  • Potential cap rate of 7.00% (pro-forma 7.20%).
  • No HOA fees.
  • Recently renovated with new roof, stucco, HVAC, flooring, windows, appliances, and more.
  • Centrally located in Santa Fe, NM.
  • Average 4% vacancy rate.

Property Details for 2730 Camino Lazo

Property type
Office properties, Mixed-use properties
Square Feet
1,454 SF
Year Built/Renovated
1978/2024
Buildings
1
Stories
1
Units
1

Location Insight

City
Santa Fe
County
Santa Fe
State
New Mexico
Latitude
35.6385632
Longitude
-105.9735496

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FAQs

What type of property is this?
Office property - Renovated Home, High ROI Potential
Where is the office property located?
The property is located at 2730 Camino Lazo Santa Fe, NM.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: $500,000 asking price for a renovated 1,454 sq ft single-family home.; Potential cap rate of 7.00% (pro-forma 7.20%).; No HOA fees.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Hayley McInnes
Hayley McInnes
Visit Broker Website

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Useful Information

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Camino Lazo
Santa Fe, NM 87505

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Santa Fe, NM 87505

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2730 Camino Lazo
  • Hayley McInnes
    Hayley McInnes
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