62-64 St Francis Plaza - Apartments FOR SALE


Ranchos De Taos, NM 87557
$395,000 USD
505-920-4352
62-64 St Francis Plaza, Ranchos De Taos, NM for Sale
$395,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

62-64 St Francis Plaza
Ranchos De Taos, NM 87557


OVERVIEW

Contractor special. A heavy fixer with tremendous upside. Listed at less than $53 per square foot, this property has tremendous upside for renovation and resale; or income potential from leasing the units. This multi-family property is a unique opportunity to own on vibrant and historic St. Francis Plaza, literally steps away from where Ansel Adams took his famous photo of the rear of the St. Francis de Assisi Mission Church in 1929. Approximately 7,456 SF with 7 to 8 units (depending on final layout), currently vacant, the property includes both adobe and frame construction. Over the past several years, the owners have carefully prepared the property for renovation. It now features legal access directly from St. Francis Plaza, a formalized lot split with new survey, and a tentative agreement to access community water. (The property is currently on a private well, with additional surface water rights; and municipal sewer.) The current owners have also had asbestos abatement performed, had architectural plans drafted for renovation and have done much of the necessary interior demolition, with the project now ready for permitting. An incredible opportunity for the right buyer!

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

7

PRICE/UNIT

$56,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1800

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,334 SF

ZONING

C

APN/PARCEL ID

89467

ASK ABOUT THIS PROPERTY

Matthew KreitzerMountain Sky RealtyMore Info
505-920-4352

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Matthew KreitzerMountain Sky RealtyMore Info
505-920-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.