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3226 Rufina Street

Santa Fe, NM 87507
  • $3,264,252
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 1003204
UPDATED: 66 min ago
$3,264,252
  • 1
    BEDS
  • 0.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,440
    SQFT
  • $285
    $/SQFT
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

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.

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IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-11-30T13:04:57.213.
www.sandisells.com/homes/122581861
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3226 Rufina Street Santa Fe, NM 87507

  • Price: $3,264,252
  • Status: Active
  • On Site: 41 Days
  • Updated: 66 min ago
  • MLS #: 1003204
1
Beds
0
Baths
0
½ Baths
0.88
Acres
11,440
SQFT
$285
$/SQFT
1984
Built
Neighborhood:
320 - Santa Fe County S of RR
County:
Santa Fe
Area:
320 - Santa Fe County S of RR
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.
Exterior Features

Construction Materials Frame Levels Two Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Tile Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 11440 Disclosures Ranm 2100 Disclosure Gross Income 232142 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 85250 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 9554 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description R-2

Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2021-11-30T13:04:57.213.
 
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Sandi Pressley Team | Coldwell Banker Legacy
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Alburquerque NM, 87111