62-64 St Francis Plaza - Apartments FOR SALE


Ranchos De Taos, NM 87557
$595,000 USD
505-920-4352

NO PHOTO

$595,000 USD
Apartments - FOR SALE
null | Request Cap Rate

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


OVERVIEW

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 Assis Mission Church in 1941. Approximately 7,456 SF with 7 to 8-units, 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 drafted architectural plans for renovation, performed asbestos abatement and done much of the necessary interior demolition, with the project now ready for zoning and construction permitting. Listed at only approximately $80 per square foot, this property has tremendous upside for renovation and re-sale; or income potential from leasing the units. Bank financing may be available for qualified buyers. Disclaimer: listing information has been provided to best of seller and broker's knowledge and belief, but it is not guaranteed; buyer to verify all details about property.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

7

PRICE/UNIT

$85,000

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.