2730 Camino LazoSanta Fe, NM 87505
- Hospitality properties
- 1,454 SF
Property Details for 2730 Camino Lazo
- Year built
- 1978
- Property size (Sq ft)
- 1,454 SF
- Property type
- Hospitality properties
- Property subtype
- Other office 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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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