Pending

118-120 W Berger Street

Santa Fe NM, 87501

$1,050,000


$332.70 per sqft

Pending

3,156 sqft

Multi-family

Built in 1950

CALLING ALL INVESTORS!!! Sweet South Capitol Fourplex offered for the first time since 1982. Ample on-site parking. This fourplex unit mix consists of a single 2 bed/1 bath unit and three 1 bed/1 bath units. No washer/dryers. Leases are month to
month. R21 zoning allows for multifamily residential use. The property has non-contributing historic status but there are HDRB restrictions on changing the portal/facade on the original 1950's back part of the building. The 1983 addition to the front of the building has more flexibility for expansion. All 4 units have their own electrical meter. Unit 118 and 120 A have gas heat on a single meter. Units 120B and 120C are all- electric units. Measures of current investment performance are a GRM of 21, pre reserves CAP rate of 4.86%, price per square foot of $333/sf and price per unit of $262,000/unit. Proforma measurements of investment performance is estimated at a cap rate of 8% and a GRM of 12.5. Please do not disturb tenants.

202401250

MLS ID

April 9, 2024

Listed

May 9, 2024

Updated

Map

118-120 W Berger Street
Santa Fe NM, 87501

Interior Features

Interior Features

No Interior Steps


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric, Natural Gas

Exterior/Building Features

Lot Size

0.22 Acres


Architectual Style

One Story


Roof

Composition, Flat


Sewer

Public Sewer

School Information

High School

Santa Fe


Elementary School

Wood Gormley

Other Property Details

Taxes

$3,198


Tax Frequency

Annually


Days on Market

23


Garage

No


Parking

Carport


View

No


County

Santa Fe


Water Source

Public


Pool

No


Zoning

RM


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/2/2024

Pending

Listed by Tai Bixby with Real Estate Advisors, LLC
Listing Contact: (505) 577-3524 

The IDX display contains information sourced from the Santa Fe Association of REALTORS® as of 5/9/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Santa Fe Association of REALTORS® all rights reserved.

Data last updated on 5/9/2024 at 4:00 PM UTC

 

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