2730 Camino LazoSanta Fe, NM 87505

Property Details for 2730 Camino Lazo

Year built

1978

Property size (Sq ft)

1,454 SF

Property type

Office properties

Property subtype

Mixed-use properties

Description

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.

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.6386

Longitude

-105.974

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