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1351 Pacheco, Santa Fe, NM 87505

8 Bed, 3 Bath Condo For Sale

1351 Pacheco, Santa Fe, NM 87505 Condo For Sale - MLS #201604525
$385,000
8
3
Condo
North New Mexico
Listing courtesy of Tai Bixby & Associates from Keller Williams

Property Description for 1351 Pacheco, Santa Fe, NM 87505

Multi-family investment opportunity in the Pacheco Triangle! Great location close to Whole Foods, Railrunner train station, Trader Joe's, restaurants, education, and jobs. There are several ways to take advantage of this in-town investment: 3 dwelling units in 2 buildings make this a great rental property as-is; scrape the site flat and build a new multifamily/multistory complex; or redevelop this site as a multifamily property (the 3-story apartment building across the street suggests this may be consistent with existing development in the neighborhood). The vacancy rate in Santa Fe for apartments is 2.6% as of May 2016 and rents are higher as a result. Property consists of 2 lots: one zoned C-1 and the other R-21. Offered for sale by an estate "as-is, in-place, and with all faults".

Interior Details

4,614 sq. ft.
$83.44/sq. ft.
City
City

Exterior Details

0.51 acres
22,346 sq. ft.
Adobe; Block; Stucco

Other Details

201604525
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Town Description

Santa Fe is the capital of New Mexico. It is the principal city of the Santa Fe, New Mexico Metropolitan Statistical Area which encompasses all of Santa Fe County and is part of the larger Santa...

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