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118-120 W Berger Street, Santa Fe, NM 87501

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For Sale

$1,050,000

0.22 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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/façade 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.
MLS# 202401250

Courtesy Of Real Estate Advisors, LLC

(505) 539-3200

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Cooling System
    None
  • Exterior Type
    Stucco
  • Heating Fuel
    Electric, Natural Gas
  • Lot Size
    0.22 Acres
  • Roof Type
    Composition Shingle

Map and Directions

Directions to 118-120 W Berger Street, Santa Fe, NM 87501

Home seller CENTURY 21 Camco Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Camco Realty

(505) 292-2021
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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2024 Santa Fe Association of REALTORS ®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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