4761 Camino UnidoSanta Fe, NM 87507

Property Details for 4761 Camino Unido

Year built

2005

Lot size

0.12 AC

Property size (Sq ft)

1,313 SF

Property type

Other commercial real estate

Property subtype

Other specialty properties

Description

This unique Santa Fe property, located at 4761 Camino Unido, 87507, presents a compelling owner-user opportunity. The 1,313 square foot mixed-use building, constructed in 2005, boasts a 3-bedroom, 2-bathroom home seamlessly integrated with creative office space. The property sits on a 0.12-acre lot and is zoned R-1. Recent updates include new windows, carpet, paint, a large carport with electricity, and new radiant floor heating covers. The home features a private backyard with a pergola and an insulated shed, ideal for storage or a studio. The property offers four parking spaces. Currently operating at 96% occupancy, the property generates a Net Operating Income (NOI) of $22,800, with a projected NOI of $40,800. The asking price is $415,000, representing a current cap rate of 5.49% and a pro-forma cap rate of 9.83%. The property's location offers proximity to walking trails, schools, Swan Park, restaurants, and shopping. This versatile property is perfect for those seeking a blend of comfortable living and productive workspace, with significant upside potential. The property's assessed parcel number (APN) is 910009408. Full occupancy is projected for October 8, 2024.

Location Insight

City

Santa Fe

County

Santa Fe

State

New Mexico

Latitude

35.62

Longitude

-106.057

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