office 505-308-3800 admin@simplyrealestatenm.com
Address
3226 Rufina Street Santa Fe, NM
Price
$ 3,264,252
Property Attributes
  • MLS#1003204
  • TypeMulti-Family
  • CountySANTA FE
  • CitySanta Fe
  • AreaSanta Fe County S of RR
  • Zip87507
  • StyleMulti Family
  • Year Built1984
  • Taxes$ 9554
  • Price$ 3,264,252
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage11440
  • Lot Size0.88 Acres
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Data Source:
Southwest MLS (SWMLS) - 101 - NM
Property Description

There are two prices for this property:1. If you want to pay all cash, or obtain a new loan, the price is $3,264,252 - a 4.50% cap rate at the current average rents of $885. 2. If you want to assume the existing financing of $1,494,328, the price is $2,891,859. Measure of investment performance at the average rents of $885 include a GRM of 11.83, a before reserves cap rate of 5.08%, an after reserves cap rate of 4.92%, a cash on cash of 3.19% and an after tax IRR of 9.40% flattening a potential investors federal tax rate from 35% to 20%.Historically a high barrier to entry market for new construction, in 2017, the areas was identified as being short some 6,484 housing units.

Price History
10/20/2021 Listed $3,264,252

General Features

Additional Parcels Y/N Yes
Appliances Refrigerator
Construction Materials Frame
Cooling Evaporative Cooling
Electric None
Flooring Tile
Heating Central, Forced Air
Levels Two
Listing Agent State License 13711
Lot Size Square Feet 38202
MLS Area 320 - Santa Fe County S of RR
Property SubType Multi Family
Property Type Residential Income
PropertyCondition Resale
Status Active
Stories 2
Terms Cash, Conventional
Total Units 23
Utilities Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Zoning Description R-2

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 11440
Total Baths 1
Total Bedrooms 1

Exterior Features

Lot Size Acres 0.88
Lot Size Source Public Records
Number of Buildings 3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 87507

Price
AVG $3.26M
$3.26M
Taxes
AVG $9,554
$9,554
Visits
AVG 19
19
Year Built
AVG 1984
1984
Walkscore
AVG 68
68
Data Provided by Walkscore ® not using MLS data

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